The US oil and gas rig count fell 76 week on week to 491, rig data provider Enverus said Thursday, a few days after oil prices plunged below zero and continuing the rapid recent decline in drilling activity. In the last six weeks, the domestic count has dropped by 347 rigs, or 41%. The downed rigs came overwhelmingly from the oil-weighted side, falling 73 to 371 week on week, while operators relinquished just three natural gas-oriented rigs, leaving 120. Of the total 76-rig decline this past week, the Permian Basin of West Texas/New Mexico accounted for 40, leaving 262. Eleven rigs left the Eagle […]