Baker Hughes Rig Count: U.S. +12 to 952 rigs

U.S. Rig Count is up 12 rigs from last week to 952, with oil rigs up 7 to 763 and gas rigs up 5 to 189.

U.S. Rig Count is up 512 rigs from last year's count of 440, with oil rigs up 412, gas rigs up 101, and miscellaneous rigs down 1 to 0.

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 The Internal Revenue Code allows a deduction known as “depletion” for oil & gas income. The depletion deduction could save a taxpayer thousands of dollars in income taxes. Since a mineral interest runs out…



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