Operations reaching equilibrium near 1,050 rigs
Drilling activity fell in the U.S. this week, as rig counts continue to meander near 1,050 total rigs, according to Baker Hughes Weekly Rig Count.

A net four rigs shut down this week, leaving 1,044 active in the country. Five land-based rigs stopped drilling, while one offshore rig became active. There has been little change in overall rig counts since early May, and drilling activity appears to be roughly stable. The current rig count has only increased by 90 since this point last year. For r...

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