Nation’s rig count suffers decline


There were 819 rigs running in the U.S. as of July 20, according to Enverus Foundations.

The count is down 2% in the last week and down 1% in the last month, but up 48% YOY. The activity peak for the last week was 847 rigs with an average of 830; the dip reported toward the end of the week is likely the result of time between wells.

The most active operators are ConocoPhillips with 24 rigs working, EOG Resources with 23, and Devon Energy, Mewbourne Oil and Pioneer Natural Resources with 20 apiece.