KFQD | US Oil Rig Count Falls by Ten in Latest Week Wall Street Journal The number of U.S. oil-drilling rigs, viewed as a proxy for activity in the sector, has fallen sharply since oil prices began to tumble in 2014. The number of oil rigs in the U.S. peaked at 1,609 in October 2014. According to Baker Hughes, the number ... Oil rig count drops for 8th straight week |