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The number of active U.S. oil and gas drilling rigs fell for the second consecutive week, amidst a decline in US crude oil production and a drop in oil prices.

The total number of active oil and gas drilling rigs in the US decreased by four to 576. US crude oil production fell to 13.477 million bpd, down from 13.481 million bpd the previous week.

The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 576, extending a recent decline to its lowest level since December 2021, Baker Hughes said.

The total U.S. rig count is made up of 472 oil rigs, 99 gas rigs, and five miscellaneous rigs, according to the count, which revealed that the U.S. total comprises 511 horizontal rigs, 51 ...