Rig Count Shows Slight Overall Increase

Since the week-over-week rig count from Sept. 30, the total rig count has increased by 17. According to Enverus, the count is up 12% in the last month, but down 64% in the last year. 

Two areas lost rigs in the past week—the Permian Basin and the Appalachian Basin. The Gulf Coast region has added four rigs by companies including Penn Virginia, SilverBow Resources and Ineos. Marathon Oil added a third rig.

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