Jennifer
Pallanich
Hart Energy
US Oil, Gas Rig Count Edges Up in October as Drilling Steadies: Baker Hughes
The U.S. oil and gas rig count fell three to 768 during the week of Oct. 24 but is up 41% compared to this time last year, according to Baker Hughes Co.
US Drillers Add Oil, Gas Rigs for Second Consecutive Week
Even as the oil and natural gas rig count in the U.S. mostly increased over the past two years, weekly increases have been in the single digits for months and oil production remains below record levels seen before the pandemic.
US Drillers Add Oil, Gas Rigs for Fourth Time in Five Weeks: Baker Hughes
While the U.S. oil rig count rose to 610 the week of Oct. 14, gas rigs fell one to 157, according to energy services firm Baker Hughes.
US Oil, Gas Rig Count Falls for First Time in Four Weeks: Baker Hughes
In the third quarter, oil and gas drillers added rigs for an eighth quarter in a row but the addition of 12 rigs was the smallest increase since September 2020.
US Oil, Gas Rig Quarterly Growth Slowest in Two Years: Baker Hughes
In the third quarter, drillers added oil and gas rigs for an eighth quarter in a row but the addition of 12 rigs was the smallest increase since September 2020.
US Drillers Add Oil Rigs for Second Consecutive Week: Baker Hughes
U.S. oil rigs rose three to 602 this week, while gas rigs fell two to 160. The total rig count fell in August and was on track to fall again in September after rising for a record 24 months in a row.
US Drillers Add Oil, Gas Rigs for First Time in Three Weeks
The biggest increase in rigs was in the Permian Basin in Texas and New Mexico, the biggest U.S. oil field, which rose by three to 343 this week, the most since August.
US Oil, Gas Rig Count Falls to Lowest Since Late July: Baker Hughes
Oil services company Baker Hughes reported that the U.S. oil and gas rig count fell for the fifth straight week the week of Sept. 5, following recent forecasts of disappointing oil output gains from EOG Resources and Pioneer Resources executives.
Tax Incentives Driving Activity Offshore Norway
Westwood expects the Norwegian Petroleum Directorate to approve 25-30 plans for development and operation for offshore projects by the end of 2023.
Westwood: Onshore Rig Counts, Rates to Rise
Land drill rig day rates have increased in a number of regions due to an increase in drilling demand combined with higher commodity pricing. In the U.S., in particular, day rates have increase by 25% in 2022, according to Westwood’s latest analysis.