The US oil and gas rig count fell by six to 407 in the week ended Dec. 30 as 2020 ended with activity down slightly more than 50% from the prior-year point, rig data provider Enverus said. Total oil rigs dropped by seven to 293 on the week, while total gas rigs rose by one to 114. The number of horizontal rigs, which generally indicate high-producing shale/unconventional formations, was up by five to 335. At end-2019, before the pandemic set in, 840 rigs were operating in the US. But even as rig activity ended 2020 at a much lower level than where it began, total […]