US Oil Drillers Slow Activity As Prices Hurt, Even in Permian

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 3-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 5 to 474 after falling by 4 during the previous week—and down by 22 compared to this time last year. The number of gas rigs stayed the same this week at 101 for a loss of 2 active gas rig from this…