The rig count in the U.S. is up by 4% in the last month and up 87% year-over-year, according to Enverus Rig Analytics. The largest week-over-week increase by major play occurred in the Permian Basin, where five rigs were added.

Occidental Petroleum has increased its Permian rig count by two since mid-October and has 14 rigs running, making it the second-most active operator in the play. Top Permian driller Pioneer Natural Resources is up by one on the week at 25, with 24 of those in the Midland Basin. This past week Pioneer sold its Delaware Basin position to Continental Resources for $3.25 billion.

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