Jennifer
Pallanich
Hart Energy
US Oil, Gas Rig Count Falls for First Time in Six Weeks: Baker Hughes
The U.S. oil rig count fell by two to 625, while gas rigs fell two to 153 during the week ending Dec. 9, making it the lowest weekly count since July 2022.
Offshore Rig Market Entering Multi-Year Supercycle
Tightness in supply, staffing constraints and high oil prices all contribute to Esgian’s projected 13% growth in offshore rig demand for 2023.
US Drillers Add Oil, Gas Rigs for Second Consecutive Month: Baker Hughes
U.S. oil rigs rose four to 627 this week, their highest since March 2020, while gas rigs fell two to 155, according to the weekly Baker Hughes rig count report.
US Drillers Add Oil, Gas Rigs for Third Consecutive Week: Baker Hughes
Even though the U.S. rig count increased during most months over the past two years, weekly increases have averaged zero since the start of the pandemic in March 2020, helping keep oil production below record levels seen before the pandemic.
US Drillers Add Oil, Gas Rigs for Second Week in a Row: Baker Hughes
According to Baker Hughes, the U.S. oil rig count rose nine to 622 during the week of Nov. 11, while the gas rig count remained steady at 155.
US Drillers Add Oil, Gas Rigs for Third Week in Four: Baker Hughes
U.S. oil rigs rose to their highest count since March 2020, while gas rigs fell to their lowest count since late July 2022, according to Baker Hughes.
Another 90 Rigs May be Added in US Through 2023, Patterson-UTI Survey Finds
Patterson-UTI plans on adding four rigs to its 132 total count in fourth-quarter 2022.
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.