Jennifer
Pallanich
Hart Energy
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.
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.