The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back.

Oil rig count drops along with prices that crude is commanding The last count showed 422 active U.S. oil rigs in operation. That’s comparable to when the pandemic depressed demand for crude.

The number of active rigs targeting oil in the kingdom dropped to its lowest in more than two decades in July, according to Baker Hughes data.

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

North America dropped seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.

The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could fall in early 2026.

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

Saudi Arabia’s active oil drilling units declined for a sixth straight month, reaching the lowest level in over two decades, as investments in natural gas projects gain momentum.

The overall drilling rig count in North America is down 7 units to 717 the week ended Aug. 1, with drops in oil-directed rigs accounting for much of the decline.

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Oil drove the gain in Canada, with 128 rigs drilling for oil this week, 8 more than the previous week. Two additional rigs were gas-directed for a total of 54 working.

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