US Oil, Gas Rig Count Falls for First Time in 25 Months: Baker Hughes
In August, the combined oil and gas count in the U.S. was down two rigs after rising for a record 24 months in a row, according to Baker Hughes in its closely followed report.
US Oil, Gas Rig Count Falls for Third Consecutive Week
The U.S. oil and gas rig count fell by one to 762 in the week to Aug. 19, Baker Hughes said. That was the first time drillers cut the rig count for three consecutive weeks since July 2020.
Oil Falls 2% on Expectations that US Gulf Supply Disruption Will Ease
OPEC and the International Energy Agency (IEA) conflicting oil demand views, with OPEC cutting its world oil demand forecast and the IEA raising its demand growth forecast.
US Oil & Gas Rig Count Falls for Second Week in a Row: Baker Hughes
The week of Aug. 8, 2022 was the first time the U.S. oil and gas rig count fell for two consecutive weeks since August 2020.
US Oil Rig Count Falls by the Most Since September: Baker Hughes
Even though the total rig count in the U.S. has climbed for a record 24 months through July, weekly increases have mostly been in the single digits and oil production is only forecast to recover to pre-pandemic record levels next year.
US Drillers Add Oil and Gas Rigs for Record 24th Month: Baker Hughes
In July, the oil rig count in the U.S. rose 11, increasing for a record 23rd month in a row, while the gas count was unchanged after rising for 10 straight months, according to Baker Hughes.
U.S. Drillers Add Oil and Gas Rigs for Third Week in a Row: Baker Hughes
The U.S. oil and gas rig rose two to 758 from the week prior, marking an increase in rig counts for the third week in a row.
US Drillers Add Oil, Gas Rigs for Second Consecutive Week: Baker Hughes
Even though the total rig count was up for a record 23 months through June, weekly increases have mostly been in the single digits and oil production is still below pre-pandemic record levels.
US Drillers Add Oil and Gas Rigs for Fourth Week in Five: Baker Hughes
The oil and gas rig count in the U.S. rose two to 752 in the week to July 8. Baker Hughes said that puts the total rig count up 273, or 57%, over this time last year.
OPEC Boosts Oil Income in 2021, Well Completions Drop
OPEC raised oil output in 2021 but saw the number of active oil wells increase only slightly and the number of new completed wells decline, a factor in surging oil prices in 2022.