Wall Street Journal | US Oil-Rig Count Climbs by Two Wall Street Journal The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig count fell sharply. The oil rig count has generally been rising ... Oil drillers are adding rigs at the fastest pace since before the oil crash Oil continues its decline after data show weekly US oil-rig count up by 2 US Oil Rig Count Rises By 2 To 416 As Permian Draws More Activity |