24/7 Wall St. | Oil Rig Count Drops by 11, Hedge Funds Still Exiting Short Positions 24/7 Wall St. In the week ended April 29, the number of rigs drilling for oil in the United States totaled 332, compared with 343 in the prior week and 679 a year ago. Including 87 other rigs drilling for natural gas, there are a total of 420 working rigs in the ... Fewer rigs looking for oil US Production Not Responding To Higher Oil Prices...Yet Oil rig count falls for 6th straight week |