Highlights Permian adds most rigs on week, up 4 to 329 Most basins gain rigs; only DJ loses a rig Total rig count is approaching pre-pandemic levels The US oil and natural gas rig count gained another three rigs on the week, for a total 806 rigs which is well within shouting distance of pre-coronavirus pandemic levels, energy analytics and software company Enverus said May 12. Moreover, the giant Bakken oil reservoir in North Dakota/Montana has now reached its highest rig level since early April 2020. That was just a month after the pandemic struck the energy industry forcefully and oil prices dropped due to low global demand. “We do foresee continued headwinds in the form of labor shortages among the service sector, specifically on the completions crews side of things,” said Taylor Cavey, senior analyst-supply and […]