U.S. Oil, Gas Drilling Activity Plummets

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 Friday. The total rig count fell by 7 to 581 this week, compared to 674 rigs this same time last year. The number of oil rigs fell by 6 this week, after falling by 3 in the week prior. Oil rigs now stand at 479—down by 66 compared to this time last year. The number of gas rigs fell by 1 this week to 97, a loss of 27 active gas rigs from this time last year. Miscellaneous stayed the same at…