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US Oil and Gas Rig Count Falls To 575

Author Jeremy Meier
US oil and gas rig count declined for the third consecutive week, falling to 575 rigs for the week ending May 16, a decline of two rigs vs. a week ago. Rigs were added in Appalachia (+1) and All Other (+1), while the Permian (-3) and Gulf of Mexico (-1) both lost rigs.
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