US oil, gas rig count slips by eight on week to 737, setting new recent lows in several basins

摘要

The US oil and gas rig count continues to slide with a weekly loss of eight that left the total count at 737 for the week ended June 28, setting new recent low rig levels in multiple basins and dipping to an overall trough not seen since March 2022, an analysis of S&P Global Commodity Insights data showed. Defying predictions of continued falling natural gas-directed rigs, however, it was oil-directed rigs that lost volume during that same week. Oil rigs dropped by nine to 593 while natural gasoriented rigs rose by one to 144, the July 6 analysis found. In contrast, in February 2023, the gas rig count totaled 194. Domestic gas fields were widely expected to continue losing rigs owing to low prices for that commodity. Gas prices have slightly risen in recent