US oil, gas rig count jumps 20 to 379, with most additions across smaller basins

摘要

The US oil and gas rig count jumped by 20 to 379 on the week, rig data provider Enverus said Nov. 12, as operators moved to shore up production profiles battered by the coronavirus pandemic's hit to oil prices and demand. Thirteen of the 20 incremental rigs placed in domestic fields in the week ended Nov. 11 were divided among small basins rather than larger, well-known plays. Matt Andre, an analyst with S&P Global Platts Analytics, said the relatively large week-on-week rise in rigs is "probably just operators making their best effort to offset natural declines," with most basins still "well below" the rig levels needed to keep production flat, rather than a sign of "a serious increase or trend forming." Among large basins, the Eagle Ford of South Texas gained the most, adding four rigs for a total 27. The DJ Basin in Colorado gained two rigs, rising to eight total; while the giant Permian Basin of West Texas/New Mexico gained one, increasing to 161.