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US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks

U.S. shale players are working to improve recovery rates.
The oil and gas rig count, an early indicator of future output, fell by one to 550 in the week to Feb. 27, the lowest since late January, Baker Hughes says. (Shutterstock)
SD
By
Scott DiSavino, Reuters
February 27, 2026 12:46 PM CST