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US oil, gas rig count unchanged on week at 693, lowest level since year-end 2021

October 6, 2023 Comments Off

The US oil and gas rig count was unchanged for the week ended Sept. 27, the lowest level of activity since the last week of December 2021, an analysis by S&P Global Commodity Insights showed Oct. 5. Most of the eight largest unconventional domestic basins either gained rigs or were unchanged. Oil-oriented rigs dropped by four to 563 while gas-focused…