The US oil and gas rig count dropped by 12 to 357, rig data provider Enverus said Thursday, marking the slowest week-on-week decline in more than two months since the coronavirus pandemic sparked an industry downturn. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil rigs were down 10 to 246, while gas rigs were down two to 111. This week’s rig count drop represents the lowest fall in totals in 10 weeks, a slide which began after a sharp plunge in oil prices in early March from levels around $46/b into the $20s/b just a couple of weeks later. Since the rig count began shrinking, nationwide totals are down 57%, or more than 475 rigs. Prices have begun to rise in […]