Despite the past week’s slight decline in total rig count, the number of rigs operating over this time last year was up 172 rigs or 61%.

According to Enverus, the U.S. rig count rose by eight in the last week to 521. The count is down 2% on the month, but up 71% year-over-year.

The largest increases by basin occurred in the Permian Basin, where eight rigs were added. The Williston Basin added five rigs and reached a 2021 high of 19. Since May 14, Oklahoma has added six rigs for a total of 28 operating rigs as of June 4. The Texas-Eagle Ford/Austin Chalk RRC Dist. 1 lost four rigs since May 14 (from 17 to 13) but Texas-Eagle Ford/Austin Chalk Dist. 2 gained three rigs (from 12 to 15).

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