The total number of active drilling rigs for oil and gas in the United States fell in the week to July 25, according to new data that Baker Hughes published on Friday as operators continue to scale back activity amid weak prices and cautious capital spending. The total rig count in the US fell by 2 rigs to 542, according to Baker Hughes, down 47 from this same time last year. The number of oil rigs fell by 7 to 415, down by 67 compared to this time last year. The number of gas rigs rose by 5, at 122 for a gain of 21 active gas rigs from this time last year. The miscellaneous rig count stayed the same at 5.
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