2023-04-14 13:05:43 ET
Total active drilling rigs in the U.S. fell by 3 to 748 for a third consecutive weekly decline, Baker Hughes said in its latest report .
Drilling rigs targeting crude oil in the U.S. fell by 2 to 588, while gas rigs dropped 1 to 157 and 3 rigs remained classified as miscellaneous
The total rig count is 8% higher than at the same time last year
Rigs targeting oil in the Permian Basin gained 3 to 351.
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U.S. drilling rig count posts third straight weekly decline