Wall Street Journal | US Oil and Natural-Gas Rig Count Falls to Record Low Wall Street Journal The number of rigs drilling for oil and natural gas in the U.S. fell by nine to 480 in the latest week, the lowest level on record, according to Baker Hughes Inc. data going back to late 1948. The number of U.S. drilling rigs, viewed as a proxy for ... Rig count falls to new lows, and oil rallies US rig count falls to the lowest level on record U.S. oil drillers cut rigs for 12th week in a row -Baker Hughes | Reuters |