The US oil and gas rig count fell 34 to a total of 398 in the week ended May 6, as Permian basin drilling activity continued to decline, rig data provider Enervus said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil rigs again led the decline, falling 29 on the week to 286, while the number of gas-focused rigs slipped 5 to 112. Total US drilling activity has declined nearly 53% from its recent peak during the week-ended March 4, and is now 63% behind year-ago levels. The decline in oil-focused drilling operations has been sharp, with the nationwide rig count down 404 from 838 on March 4, a 59% decline. Rig counts in the […]