U.S. Oil and Gas Drilling Activity Slows Amidst Price Plunge

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.  The total rig count fell by 3 to 586 this week, compared to 659 rigs this same time last year. The number of oil rigs stayed the same this week, after gaining five rigs in the week prior. Oil rigs now stand at 482—down by 43 compared to this time last year. The number of gas rigs fell by 3 this week to 98, a loss of 30 active gas rigs from this time last year. Miscellaneous rigs stayed…