U.S. Drilling Activity Stumbles As Prices Remain Volatile

Barchart · 10/18 13:10
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. The total rig count fell by 1 this week to 585, compared to 624 rigs this same time last year. The number of oil rigs rose by 1 this week to 482—down by 20 compared to this time last year. The number of gas rigs fell by 2 this week to 99, a loss of 19 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 4. Meanwhile, U.S. crude oil production rose to new highs…