Mumbai, Nov. 27 -- The total number of active drilling rigs for oil and gas in the United States fell sharply this week, according to new data that Baker Hughes published on Wednesday ahead of the Thanksgiving holiday. The total rig count in the US fell by 10 to 544 this week, according to Baker Hughes, down 38 from this same time last year. The number of active oil rigs saw a big dip in the reporting period, according to the data, falling by 12 rigs and reaching 407. Year over year, this represents a 70-rig decline. The number of gas rigs rose by 3 to 130, which is 30 more than this time last year. The miscellaneous rig count dipped by 1 to 7.
Published by HT Digital Content Services with permission from Capital Market....