The number of rigs drilling for oil and natural gas in the U.S. fell this week as producers continued to rein in drilling activity in response to sliding energy prices.
The number of oil and gas rigs fell to 916, down 12 from the previous week, according to rig data from oil-field services company Baker Hughes Inc. The number of gas rigs was 672, a drop of 16 rigs from last week, while the oil rig count rose to 234, an increase of five rigs. The number of miscellaneous rigs fell by one, to 10 rigs.
Source: Dow Jones