Highlights Bakken sees biggest weekly change, up 3 to 25 Permian Basin down by 1 rig, leaving 257 2022 operator thought suggests caution on oil markets The US oil and gas rig count jumped 14 to 617 on the week, energy analytics and software company Enverus said Aug. 12, the highest activity level since early April 2020 as upstream companies concluded second-quarter earnings calls on an upbeat note. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil rigs landed at 474, up 11, while natural gas-directed rigs were at 143, up three for the week ended Aug. 11. Horizontal rigs leaped forward by eight to 469 – also the highest that rig classification has been since mid-April 2020. “Looking ahead, we continue to expect relatively modest incremental horizontal activity improvement over the balance of Q3 2021, followed by a stronger ramp-up over the course of […]