Highlights Permian rigs up by one to 486, highest since January 2015 In Q2, capex guidance rose more than production guidance ‘Vast majority’ of oil growth largely weighted to H2: Evercore Houston — The US oil rig count stayed flat on Friday at 869, following a 10-rig jump the previous week, as operators face challenges to provide production growth while keeping capital spending in check. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The latest report by Baker Hughes shows the rig count is still the highest it has been since early March 2015, when numbers dropped in response to oil prices that had fallen to about half their mid-2014 levels above $100/b. The much-watched Permian Basin, the most active in the US, crept up by one oil rig to 486–the highest rig count there since January 2015. Oil production in the West Texas/southeast New […]