The U.S. rig count increased during the last week, according to Enverus Rig Analytics. The count is up 4% in the last month and 74% in the last year. The largest week-over-week changes to the U.S. rig count occurred in the Permian Basin, which added four rigs, and the Anadarko Basin, which added three.

The last time the U.S. rig count was higher than 700 was March of 2020 before the COVID-19 shutdown. Over the first three quarters of 2021, roughly 80 rigs have been added per quarter, with the first quarter showing the strongest increase at 112 rigs. The second quarter was the weakest, adding just 51 rigs.

Compared to March 2020, the number of operators drilling wells in the U.S. has increased by 55 as of December 15 indicating greater industry participation, but at lower activity levels on average.

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