U.S. Drilling Activity Slows As Prices Ease

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count fell to 764 this week—273 rigs higher than the rig count this time in 2021. Oil rigs in the United States fell by 7 this week to 598. Gas rigs rose by 4, to 161. Miscellaneous rigs held steady at 5. The rig count in the Permian Basin fell by 4 to 347 this week. Rigs in the Eagle Ford stayed the same at 72. Oil and gas rigs in the Permian are 104 above where they were this time…