The US oil and gas rig count took a step back, falling 11 to 530 on the week, rig data provider Enverus said April 22 – the first rig count drop this year, even as improving confidence in oil fundamentals continued to percolate ahead of first-quarter 2021 E&P earnings. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil rigs fell steeply to 404, down 15 for the week ended April 21, while natural gas-oriented rigs gained four to 126. And the much-watched giant Permian Basin of West Texas/Southeast New Mexico shed five rigs, leaving 231. The 11-rig exodus from domestic fields in the past week, after months of weekly increases, was “somewhat surprising,” S&P Global Platts Analytics […]