US oil, gas rig count sheds four on week to 633 as analysts see resilience in supply, price

The US oil and natural gas rig count fell by four to 633 rigs for the week ended Aug. 21, S&P Global Commodity Insights data showed, as analysts said they are seeing recent evidence of resilience in oil supply and gas prices by year-end. In each of the eight large unconventional basins, the domestic rig count either did not move…The US oil and natural gas rig count fell by four to 633 rigs for the week ended Aug. 21, S&P Global Commodity Insights data showed, as analysts said they are seeing recent evidence of resilience in oil supply and gas prices by year-end. In each of the eight large unconventional basins, the domestic rig count either did not move…Read More