The US total oil and natural gas rig count fell by 14 week on week to 1,076, according to S&P Global Platts Analytics, continuing a recent see-saw despite domestic oil prices that persist in the low $60s/b. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The oil rig count fell by 13 to 854. The gas rig count fell by two to 218 while rigs classified as neither oil nor gas rose by one. Thursday’s rig count total is nearly 13% lower than the recent high of 1,233 in mid-November. The last time the rig count was this low was in mid-January 2018. Despite the rather large rig decrease this week, “the story hasn’t changed much,” S&P Global Platts Analytics analyst Taylor Cavey said. “If you look at rigs since peaking [last November], we’re down nearly 160,” Cavey said. “The primary growth drivers […]