Results of the Baker Hughes US oil and gas rig count for June 19, 2015:

  • Prior was 859
  • Oil rigs 631
  • Prior oil rigs were 635
  • Gas righs 223
  • Prior gas rigs were 221

The headline was a bit of a headfake because it implied a slowing in the rig decline but oil drilling rigs continued to decline while natural gas rigs rose. Oil is down $1.40 to $59.05 toda