The U.S. rig count rose last week to 443 as of Feb. 17, according to Enverus Rig Analytics. The count is up 4% in the last month but still down 46% year-over-year.
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
According to Lynn Helms, North Dakota’s director of mineral resources, last year was a “pretty terrible year for the industry” and oil and gas producers in 2021 will be stressed from both ends—investor and market demands.
U.S. drillers this week added oil and natural gas rigs for a 12th week in a row, marking the longest streak of additions since June 2017 as oil prices hit their highest in more than a year.
The revival of the formation signals how it is growing more competitive globally, helped by government policies protecting oil producers, an export tax holiday and reviving global prices.