The US oil and gas rig count rose by 11 to 347 in the week ended Oct. 21, rig data provider Enverus said, marking a second straight week of double-digit increases. The number of oil-focused rigs climbed eight to 246, the highest since the week ended May 20 and 25% above its August low of 194. The number of active gas-focused drilling rigs rose three to 101, a four-month high and up 17% from its most recent low of 86 in late July. Drilling rig counts have now climbed in seven of the past eight weeks, putting the nationwide total up 65, or 30%, from late August. Still, the number of rigs active in all […]