Joseph
Markman
Hart Energy
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.
US Drillers Add Oil and Gas Rigs for Record 21 Months a Row
For the month, drillers added 28 oil and gas rigs, Baker Hughes said in its latest report.
US Drillers Add Oil and Gas Rigs for Fifth Week
In its latest report, Baker Hughes said U.S. oil rigs rose to 549 this week, while gas rigs also gained to 144, matching a number last touched in early October 2019.
US Drillers Add Oil and Gas Rigs for Fourth Week in a Row
Analysts said the industry must drill new wells going forward because the number of DUCs available was dropping fast. That drilling increase was likely already coming, at least in the nation’s biggest oil shale basin, the Permian Basin.
US Oil Drilling, Output Moving Higher with Energy Prices
After a pandemic-induced hiatus, oil production is expected to hit new highs, particularly in the Permian Basin, in the wake of the Russian invasion of Ukraine.
In Too Deep? GoM Operators Weigh Sky-high Day Rates
Offshore may be on the rebound, but Gulf of Mexico rigs are hard to find.
US Drillers Add Oil Rigs in Permian Basin for Biggest Weekly Increase Since January
More than half of U.S. oil rigs are in the Permian Basin in West Texas and eastern New Mexico where total units this week jumped by nine to 332, the most since April 2020.