The US oil and gas rig count fell 59 to 432 during the week ended April 29, rig data provider Enverus said Thursday, as upstream players continued to idle oil rigs in response to sustained lower crude prices. The decline was concentrated almost solely in the number of rigs chasing oil, which fell 56 to 315, while the gas-focused rig count dipped only three to 117. The total US rig counts has almost been halved since March 11, with rig totals falling 48%, or 403, from 835, in response to a steep decline in crude prices. Front-month WTI is down nearly 65% from its most recent peak in […]