Quartz | The oil patch rig count is down, but only technically speaking Quartz Oil prices surged today as traders learned that the work of yet more rigs has been halted on the US shale oil patch. Baker Hughes, which keeps track of rigs operating in the field, reported that the count dropped below 1,000 for the first time since ... U.S. oil drillers idle rigs for 12th week, Baker Hughes says US Oil Rigs Get Hammered for the 12th Week US Oil Rig Count Drops Below 1000 for First Time Since June 2011 |