Highlights Permian loses 4 rigs; Eagle Ford down 3 Most basins lost 1-2 rigs on week Oil and gas rigs each decrease 6 Houston — The US oil and gas rig count fell 12 to 543 on the week, rig data provider Enverus said May 20, despite oil prices that have persisted above $60/b and drilling activity that has generally headed up in 2021. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Analysts are painting a generally optimistic picture for the rest of the year as oil demand continues to recover from the coronavirus pandemic. But for the week ended May 19, rig losses prevailed in most of the eight largest domestic basins, with the Permian Basin of West Texas/New Mexico down four to 237 and the Eagle Ford Shale of South Texas down three to 41. The natural gas-prone Marcellus Shale, mostly in Pennsylvania, […]