The US oil and gas rig count fell 22 in the week ended June 3 to 311, rig data provider Enervus said, as oil-focused rigs continue to be pulled from fields, but improved prices are for the first time causing some producers to reduce and rethink curtailment plans. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Despite the continued decline in rig counts, the rapid recovery in crude prices in recent weeks to above the $30/b level has prompted some producers to scale back curtailment plans, suggesting the bottom may be in sight for rig count declines. Front-month NYMEX WTI futures have rallied nearly 275% from April 21, the session after falling into negative territory, and settled at a three-month high $37.29/b on June 3. Click here for full-size image Parsley Energy, for example, had earlier intended to shut in as much as 30,000 b/d […]