US drillers drop 25 rigs
Texas, Oklahoma see bulk of losses: Baker Hughes
The number of rigs working in the US fell by 25 this week for a total of 1050, according to the latest numbers from energy services firm Baker Hughes.
While the drop is substantial, the total is still higher than the 936 rigs that were active in the same period a year ago.
The decline was largely driven by oil rigs, which made up 21 of units lost. The number of rigs chasing gas fell by four to 198.
Click here to read the rig count.
Texas, the nation's top oil and gas producing state, saw the biggest losses, shedding 11 rigs for 521. The Permian, which is largely housed in the western part of Texas, dropped seven rigs for 481.
New Mexico, which is home to the western part of the Permian, gained a single rig for 108.
Oklahoma also experienced a large drop in the number of active rigs. The state lost 10 rigs for 126 total.
The offshore rig count fell by two to 19.
In Canada, where winter drilling season is underway, the rig count grew by 25 to 209.
