The active rig count increased in the week ending Jan. 19 in every major US oil and gas shale basin barring the Utica as operators take advantage of high prices and strong demand.
The US oil and gas rig count climbed to 725 for the week ending Jan. 19. It stands as the highest total since March 2020 when the pandemic crushed global prices and demand, according to data released Jan. 20 by Enverus. The prolific Permian saw the largest week-over-week jump as operators added four rigs to the field to total 304. Modest gains were also reported in the SCOOP-STACK, Eagle Ford, Williston and Denver Julesburg. In the major gas plays, the Marcellus and Haynesville each added one rig to 40 and 67, respectively, while the Utica remained static at 11. The total US rig count […]