Highlights Oil drilling accounts for nationwide gain Permian teeter-totters, adding 1 rig for 236 Private E&Ps pick up 7 rigs in week The US oil and gas rig count leaped by 13 to 541 in the week ending April 14, rig data provider Enverus said, boosted by private operators continuing to add vertical rigs in more conventional plays. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil plays were the target of new drilling, as the rig count jumped by 14 to 419, while rigs chasing natural gas fell by one to 122. “It’s a strange week for rigs,” said Andrew Cooper, quantitative analyst for US oil supply with S&P Global Platts Analytics. He noted the week’s gains appeared to come mostly from vertical/directional rigs, as horizontal rigs, synonymous with shale and unconventional drilling, stayed at 420 for the third straight week. Private E&Ps picked […]