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.
US Drillers Add Oil, Gas Rigs for a Record 23 Months
U.S. oil rigs rose 10 to 594 this week, their highest since March 2020, while gas rigs gained three to 157, their highest since September 2019. That put the overall oil and gas rig count up for a record 23 months in a row, gaining 26 in June.
US Oil Producer Hess Accelerates Plan for Fourth North Dakota Shale Rig
Bakken producer Hess Corp. expects to add a fourth rig to its North Dakota operations in July, moving forward from the company's original goal of adding the additional rig in 2023.
US Drillers Add Oil, Gas Rigs for Second Consecutive Week
Even though the U.S. rig count has climbed for a record 22 months in a row through May, weekly increases have been incremental and crude production has been largely stagnant over the last few months.
US Drillers Add Oil and Gas Rigs for the First Time in Three Weeks: Baker Hughes
The oil and gas rig count has risen to 733 in the past week, its highest since March 2020, serving as an early indicator of future output, according to a report by Baker Hughes.
US Drillers Keep Oil and Gas Rigs Unchanged This Week
The oil and gas rig count were flat at 727 in the week to June 3, Baker Hughes Co. said in its closely followed report. That puts the total rig count in the U.S. up 271, or 59%, over this time last year.
Rig Count in US Falls for First Time in 31 Weeks
Despite this week’s rig decline, Baker Hughes said the total count of oil and natural gas rigs in the U.S. was still up 270, or 59%, over this time last year.
US Drillers Add Oil and Gas Rigs for Ninth Week in a Row
Baker Hughes said that puts the total rig count up 273, or 60%, over this time last year.
US Drillers Add Oil, Gas Rigs for Eighth Straight Week
Even though the combined rig count has climbed for a record 21 months in a row through April, weekly increases have mostly been in single digits and oil production is still far below pre-pandemic record levels.
US Drillers Add Oil and Gas Rigs for Seventh Week in a Row
Baker Hughes said that puts the total rig count up 257, or 57%, over this time last year.