The US oil and gas rig count rose by 11 week on week to 1,051, S&P Global Platts Analytics said Thursday, as the rig count continued a familiar seesaw pattern that has gradually brought it down by nearly 200 rigs since late 2018. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil-directed rigs rose by five to 837 for the week ended June 26, while natural gas rigs were up four to 208. A rise of two rigs was posted for categories not specified for oil or gas. This week’s 1,051 total represents a decline of nearly 100 rigs since the start of this year and a fall of 182 since the recent peak of 1,233 in mid-November 2018, a time when the price of WTI was dropping from October highs in the mid-$70s/b. The tendency of the rig count since then has […]