"U.S. Oil and Gas Drilling Hits 19-Month Low, Rig Count Rebounds"
The number of active drilling rigs in the United States has dropped to a 19-month low, with a total rig count of 630, according to data from Baker Hughes. This marks a loss of 149 active drilling rigs so far this year and a decrease of 445 rigs compared to the beginning of 2019. The number of oil rigs fell by 8 to 507, while gas rigs fell by 3 to 118. However, crude oil production levels remain high at 12.9 million bpd, up 800,000 bpd from a year ago.
