For the week ending March 3, the Enverus U.S. rig count soared by another 30 rigs, an indicator that activity is picking up in the oil and gas sector. The vast majority of the rigs (27) were brought online in oil-focused plays (12 of them in the Permian alone). Just 3 net rigs were brought online in gas-focused plays. The Utica Shale increased by 2 active rigs, while the M-U’s chief rival for rigs, the gassy Haynesville, added 3 rigs. (Obviously, some gas rigs were idled in other plays if there were +5 brought online in the Utica and Haynesville.)
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