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US oil, gas rig count falls seven to 694 on the week; most basins lose rigs or are unchanged

September 29, 2023 Comments Off

The US oil and natural gas rig count fell by seven to 694 on the week ended Sept. 20, an analysis by S&P Global Commodity Insights showed, as most basins lost rigs or stood still. The decline came from oil-focused rigs, which dropped by 11 to 568, the Sept. 28 analysis showed. All were vertical rigs that generally are used…