Highlights Operators deploy 11 more gas rigs week on week High gas prices, low storage motivating producers Houston — The US oil and natural gas rig count surged by 21 this week to 1,200, the highest total since early 2015, with gas-oriented rigs accounting for the bulk of the additions, according to data by S&P Global Platts Analytics. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This week’s total is the highest figure seen since January 2015, and marked the fourth straight increase. It also coincided with a jump in spot and futures gas prices. The gas-oriented rig count rose by 11 to 229 and oil-driven rigs increased by seven while the remaining additions targeted both oil and gas. The extra active rigs were led by the prolific Permian Basin, which added nine rigs to reach a total of 490, the play’s highest figure since […]