U.S. Oil, Gas Drilling Activity Continues to Fall

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 2 to 588 this week, compared to 682 rigs this same time last year. The number of oil rigs fell by 3 this week, after falling by 4 in each of the two weeks prior. Oil rigs now stand at 485—down by 61 compared to this time last year. The number of gas rigs stayed the same this week at 98, a loss of 32 active gas rigs from this time last year. Miscellaneous rigs…