The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
The U.S. rig count fell slightly in the last week with the largest week-over-week changes occurring in the Gulf Coast and Anadarko basins.
The Permian and Anadarko basins had the largest weekly increases while Appalachia lost the largest number of rigs week over the past week.
The Anadarko Basin has increased its rig count by about 67% over the last month largely due to activity in the region from Continental Resources, Citizen Energy, Marathon Oil and Mewbourne Oil.
The U.S. rig count hit a 2021 high this past week with the most notable increases week-over-week occurring in the Gulf Coast, Permian Basin and Appalachia shale plays.
Evolution Petroleum has paid a quarterly cash return to shareholders for nearly eight years, which CEO Jason Brown describes as a “remarkable achievement for an upstream independent energy company.”
The largest week-over-week changes to the U.S. rig count occurred in the Anadarko Basin and the Gulf Coast regions.
The number of rigs running in the U.S. rose by six in the past week with the biggest increase in the Anadarko Basin.
The largest week-over-week changes in the rig count occurred in the Permian Basin and Williston Basin.