Permian Basin oil companies removed one drilling rig in the week ending Friday, according to the latest count by Baker Hughes. The loss meant 369 rigs were active in the region — all drill primarily for oil.

Nationally, the oil and gas rig count rose by 12 to a total 952 rigs.

A year ago, 440 rigs were active. The count shows that 756 rigs sought oil, a net increase of seven, and 184 explored for natural gas, a net increase of five, this week.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

The regional benchmark Plains-West Texas Intermediate Posting ended Friday at $42 per barrel. National benchmark West Texas Intermediate crude ended at $45.52 per barrel.