U.S. activity declines again; Canada increases
Drilling activity declined this week as oil and gas operators continue to seek equilibrium, according to Baker Hughes Weekly Rig Count.

The total number of rigs active in the U.S. dropped by eight, meaning there are now 928 rigs operational. Six land-based rigs shut down, while two offshore rigs came offline. There are now 907 land, one inland waters and 20 offshore rigs operating.

Five oil-targeting rigs came offline, while two gas-targeting rigs shut down. In addition, the lone “miscellane...

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