The U.S. rig count rose by 16 as of April 7, according to Enverus Rig Analytics, with the addition of two gas rigs while the overall number of oil rigs remained steady. The count is up 9% in the last month but down 17% year-over-year.
The largest change in the last week was in the Anadarko Basin, where six rigs were added—all additions came from previously inactive companies firing up a rig.
Over the past year, the Anadarko Basin average was up 26% compared to the fourth quarter at 24 rigs. Meanwhile, the Denver-Julesburg Basin was up 43% at 10; the Gulf Coast was up 19% at 44; the Permian Basin was up 27% at 194; and the Williston Basin was flat at 13.
This post appeared first on Hart Energy.