US oil, gas rig count falls 10 to 681 on week, as basin activity hits a two-year low

The US oil and natural gas rig count fell 10 to 681 for the week ended Dec. 6, according to S&P Commodity Insights data, hitting a two-year low as analysts appear to be revising down activity expectations for the coming year owing to big leaps in oilfield efficiencies. The last time the rig count was lower than it was for… The US oil and natural gas rig count fell 10 to 681 for the week ended Dec. 6, according to S&P Commodity Insights data, hitting a two-year low as analysts appear to be revising down activity expectations for the coming year owing to big leaps in oilfield efficiencies. The last time the rig count was lower than it was for… Read More