U.S. Oil Rig Count Slips Along With Crude Prices

The number of total active drilling rigs in the United States slipped again this week, according to new data from Baker Hughes published on Friday. The total rig count fell by 4 again to 776 this week—197 rigs higher than the rig count this time in 2021, and 299 rigs lower than the rig count at the beginning of 2019, prior to the pandemic.

Oil rigs in the United States fell by 5 this week, at 620. Gas rigs rose by 1, to 154. Miscellaneous rigs stayed the same at 2. The rig count in the Permian Basin stayed the same this week at 350. Rigs…