US oil and gas rig count falls to 706, shedding 13 during week ended Dec. 30
Monday, January 3, 2022
The U.S. oil and gas rig count fell to 706 during the week ended Dec. 30, shedding 13 rigs, according to Enverus.
The drop in the total rig count was fueled by changes in crude plays where rigs dropped by 14 to 552 on the week. Simultaneously, the natural gas rig count rose by one to 168.
The Permian Basin recorded the biggest decline of any of the eight largest domestic plays, losing five rigs to total 300. The Marcellus and Utica shale plays saw no changes with 37 and 10 rigs, respectively.
Learn more: S&P Global Platts > US oil, gas rig count drops 13 to 706 on week, as Permian Basin losses mount: Enverus
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