Highlights Permian Basin sheds 14 rigs this week to fall to 171 Decline in rig totals slowing Operators eye more gas drilling in H2 2020 Houston — The US oil and natural gas rig count slipped 24 this week to 333, rig data provider Enverus said Thursday, with the slowing rate of decline suggesting a bottom is near. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil rigs, as usual, made up most of the total drop this week, falling 23 to 223. Just one gas rig left fields, leaving 110 operational. The US rig count has plummeted from 835 in early March, shedding more than 500 rigs in 11 weeks, or 60% of the total. A week earlier, the rig count fell by 12, and experts believed that indicated a bottom was near. This week’s 24-rig decline is larger, but far less than in […]