Highlights US oil and gas rig count continues weekly seesaw Permian had biggest loss this week, down 14 to 434 But Permian rigs should increase later this year Houston — The US oil and gas rig count dropped 13 to 1,040 week on week, S&P Global Platts Analytics said Thursday, continuing a seesaw behavior that has characterized domestic unconventional activity since oil prices plummeted late last year. The oil-directed activity was the hardest hit, down 10 rigs to 832, while gas rigs slid by two to 204. Also, a one-rig decline was seen for rigs not classified as oil or gas, Platts Analytics data showed. In the US’ largest plays, the Permian Basin of West Texas/New Mexico posted the week’s biggest loss — down 14 rigs to 434. All other basins either remained steady or were […]