24/7 Wall St. | Oil Rig Count Drops by 10, Hedge Funds Raise Short Bets 24/7 Wall St. In the week ended May 13, the number of rigs drilling for oil in the United States totaled 318, compared with 328 in the prior week and 660 a year ago. Including 87 other rigs drilling for natural gas, there are a total of 406 working rigs in the ... US Oil Rig Count Falls by Ten in Latest Week Oil rig count drops for 8th straight week |