The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic gain. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The week’s total rig count is the highest the total rig count has been since the first week of April 2020, when upstream producers were cutting their budgets and pulling rigs from domestic fields in response to low oil demand and plunging oil prices as the coronavirus pandemic raced around the globe. For the week ended Dec. 15, oil-directed rigs gained 15 to 563, while gas-oriented rigs gained one to 153. Permian rigs rose by 16 to 306 – the first time rig counts in the West Texas/New Mexico basin have been above 300 since mid-April 2020. In addition, rigs in the Eagle Ford Shale of […]