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Fewer Rigs, Bigger Payoff: US Oil Production Continues to Climb Even as Rig Count Drops
Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.
Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
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Baker Hughes: US Drillers Cut Oil, Gas Rigs for First Time in Four Weeks
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks.
US Oil, Gas Rig Count Holds Steady for Record Third Week
The oil and gas rig count was steady at 585 in the week to Nov. 8, Baker Hughes said on Nov. 8. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year.
Fewer Rigs, Bigger Payoff: US Oil Production Continues to Climb Even as Rig Count Drops
Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.
US Oil, Gas Rig Count Unchanged this Week
The oil and gas rig count held at 585 to Nov. 1. Baker Hughes said that puts the total rig count down 33 rigs, or 5% below this time last year.
Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
Baker Hughes: US Oil, Gas Rig Count Steady This Week, Down Two in October
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
US Drillers Cut Oil, Gas rigs for the Fourth Time in Five Weeks
The oil and gas rig count fell by one to 585 in the week to Oct. 18. Baker Hughes said that puts the total rig count down 39 rigs, or 6% below this time last year.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks
The oil and gas rig count rose by one to 586 in the week to Oct. 11. Baker Hughes said the total count was still down 36 rigs or 6% from this time last year.