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Oil Rig Count Dips As WTI Falls To $75

The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count fell to 760 this week—115 rigs higher than the rig count this time in 2022 and 315 rigs lower than the rig count at the beginning of 2019, prior to the pandemic. Oil rigs in the United States decreased by 2 this week, to 607 after increasing by 10 in the week prior. Gas rigs increased by 1, to 151. Miscellaneous rigs stayed the same at 2. The rig count in the Permian Basin…

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