Report shows decline in US rig count


The latest U.S. rig count reported by Enverus Foundations showed a drop of five or 1% in the past week.

It included a decline of four rigs to 73 in the Anadarko Basin.

The U.S. rig count reached 867 during the week ended Feb. 1, falling by five from the previous week, according to Enverus Foundations data. The count is down 1% compared with a month ago and up 18% YOY. All numbers discussed are weekly peaks to avoid the sometimes wide variability of daily numbers.

In the last week, the Permian count increased by nine rigs to 349, while the DJ Basin added two rigs to reach 22. The Williston Basin and Appalachia were both flat at 42 and 53 rigs, respectively. The Gulf Coast dropped eight rigs to 112.