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US Oil, Gas Drillers Scale Back Activity

US Oil, Gas Drillers Scale Back Activity

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, after seeing no change in the four weeks prior. The total rig count fell by five rigs, to 584 according to Baker Hughes, down 35 from this same time last year. The number of oil rigs dipped by 2—down by 19 compared to this time last year. The number of gas rigs saw a steeper dip, losing 3 rigs to 100, a loss of 17 active gas rigs from this time last year. Miscellaneous rigs stayed the same…

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