U.S. Drilling Activity Slips Further As Market Volatility Remains

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, after falling in the week prior. The total rig count fell by a single rig for the second week in a row, landing at 583 total rigs, according to Baker Hughes, down by nearly 7% from this same time last year. The number of oil rigs rose by one this week to 479—down by 26 compared to this time last year. The number of gas rigs fell by two rigs, landing at 99, a loss of 17 active gas…