The U.S. rig count is down 0.7% in the last month, but up 75% year-over-year, according to Enverus Rig Analytics. The drop is likely the normal industry drop associated with the end of the year.

During December, the total rig count rose by 17. For the quarter, the count was up 65, its fifth increase in a row.

For the year, the rig count was up 235. That compares with a decrease of 454 rigs in 2020 and a decline of 278 rigs in 2019.

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