US Oil Drillers Continue To Back Off As Prices Languish Below Breakevens ...Middle East

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US Oil Drillers Continue To Back Off As Prices Languish Below Breakevens
source : OILPRICE ( Middle East ) () 36
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year. The number of oil rigs fell by 1 to 473 after falling by 5 during the previous week—and down by 24 compared to this time last year. The number of gas rigs also slipped by 1 this week, to 100 for a loss of 3 active gas rigs…

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