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US Oil Drillers Back Off As Oil Prices Continue to Hurt ...Middle East
The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 2 rig increase in each of the two weeks prior. The total rig count in the US fell by 3 to 584 rigs, according to Baker Hughes, down 21 from this same time last year. The number of oil rigs fell by 4 to 479—down by 20 compared to this time last year. The number of gas rigs rose by 2 this week, to 101 for a loss of 1 active gas rigs from this time last year. Miscellaneous rigs…
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