Largest horizontal decrease this year
Drilling activity in the U.S. continued to decline this week, extending the slide to three weeks in a row, according to Baker Hughes Weekly Rig Count.

A net five rigs shut down in the past week, leaving 1,047 rigs drilling in the country. Eight land-based rigs came offline, while two inland waters and one offshore rig began drilling. This means there are, and  1,024 land, 4 inland waters and 18 offshore rigs active in the U.S.

The decline in activity was distributed proportionally among oil and gas d...

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