Oil rigs up 10; gas drop 3 Permian rigs back at one-year high Operators maintain capital discipline despite rising cash flows The US oil and gas rig count climbed seven to 545 in the week ended May 5, rig data provider Enverus said, as the number of oil rigs tested one-year highs. The number of oil-focused rigs climbed 10 to 417, leaving them just two rigs shy of 12-month highs seen in early April. The number of active rigs chasing mainly gas, which had been at a 13-month high the week prior, fell back three to 128. Among the major named basins, the Permian saw the biggest uptick, with the addition of three rigs for a total 236. This put Permian drilling activity back at the one-year high seen in early April. The Eagle Ford rig […]