US oil rig count fell by two to 860 on Friday as the fall conference season kicked off this past week, providing a glimpse into how exploration-and-production companies will allocate higher second-half 2018 capital budgets and navigate a pricier and tighter services, equipment and midstream landscape. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Essentially the decrease came from a two-rig drop in the Permian Basin to 484, according to Baker Hughes data, as operators in the US’ most active play, which produces about 3.4 million b/d, continued slowing activity amid takeaway capacity that has nearly reached its limit. But US gas rigs rose by two to 186, Baker Hughes said, as the “Others” category rose by three to […]