Weekly oil, gas rig count increases

U.S. energy firms added oil and natural gas rigs for the first time since March, according to Enverus, as some shale producers reverse production cuts with oil prices recovering from a slump in fuel demand amid coronavirus lockdowns.

The weekly increase in oil and gas rigs was the biggest gain since January. U.S. oil rigs rose 11 to 183 this week, also their biggest rise since January. Gas rigs fell by one to 69, just one short of its record low.

The Permian Basin, Rockies, West Coast and Gulf of Mexico added two rigs each. Making the largest percentage and absolute gains was the Midcontinent region, which is up six.

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