U.S. Drilling Activity Continues Its Slide ...Middle East

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The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday, falling by 53 over the last five weeks. The total rig count fell to 695 this week—38 rigs below this time last year. The current count is 380 fewer rigs than the rig count at the beginning of 2019, prior to the pandemic. The number of oil rigs rose by 1 this week to 556. Gas rigs slipped 2, reaching 135. Gas rigs are now 16 below where they were a year ago, while oil rigs are 24 below. Miscellaneous…

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