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US Oil Drillers Slow Activity In Tough Price Environment
Market Intelligence Analysis
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Why This Matters
US oil drillers are slowing down activity due to a tough price environment, with the total number of active drilling rigs decreasing by 6 to 542, and oil rigs specifically falling by 8 to 406, both down from last year's numbers.
Market Impact
Market impact analysis based on bearish sentiment with 78% confidence.
Sentiment
Bearish
AI Confidence
78%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The total number of active drilling rigs for oil and gas in the United States fell by 6 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 542 this week, down 47 from this same time last year. The number of active oil rigs fell by 8 in the reporting period, according to the data, after US drillers added 1 rig in the week prior. Oil rigs are now at 406, which is 77 below this same time last year. The number of gas rigs stayed the same at 127, which is 25 more than this time last…
Original article published by
OilPrice.com
on December 19, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.