The U.S. rig count rose to 535 rigs as of May 12. According to Enverus, the tally of oil and gas rigs operating in the U.S. is up 3% on the month and up 52% year-over-year.

The most notable week-over-week change occurred in the Permian Basin, where seven additional rigs were added in New Mexico’s Lea and Eddy counties within the Delaware Basin. Also in the Delaware, Reeves County, Texas, is the most active with 22 operating rigs.

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