Robert Rapier is a chemical engineer covering the energy sector ... According to data from Baker Hughes BHI, the number of rigs drilling for oil and gas has fallen by about 20% in the past ...

The total U.S. rig count is made up of 482 oil rigs, 103 gas rigs, and four miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 527 horizontal rigs ...