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Article Summary
- American oil rigs are continuing to decline steadily
- The number of active oil rigs has dropped to the lowest level in over a year
- The decline in oil rigs is due to a variety of factors including low oil prices and environmental concerns
- Some analysts predict that the number of oil rigs will continue to decrease in the near future
- The oil industry is facing challenges that are impacting the number of active rigs Tone: Concerned
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American Oil Rigs Continue Their Steady Decline
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 Wednesday, after falling in the week prior. The total rig count fell by a single rig for the third week in a row, landing at 582 total rigs, according to Baker Hughes, 43 years fewer than a year ago. The number of oil rigs fell by two this week ...
https://oilprice.com/Energy/Energy-General/America...
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