Darren
Barbee
Oil and Gas Investor
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row
The oil and gas rig count fell by one to 582 in the week to Sept. 6, the lowest since June.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row, Baker Hughes Says
The rig count is 8% below this time last year, according to Baker Hughes.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count fell by one to 585 in the week to Aug. 23. Baker Hughes said that puts the total rig count down 47, or 7% below this time last year.
How Liberty Rolls: Making Electricity, Using NatGas to Fuel the Oilfield
Liberty Energy CEO Chris Wright said the company is investing in keeping its frac fleet steady as most competitors weather a downturn in oil and gas activity.
US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks
The oil and gas rig count fell by two to 586 in the week to Aug. 16.
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
The oil and gas rig count rose by two to 588 in the week to Aug. 9. Despite this week's rig increase, Baker Hughes said the total count was still down 66 rigs, or 10% below this time last year.
As Oil Production Scales the Heights, Texas E&P Jobs Disappear —TXOGA
As operational efficiencies give E&Ps the ability to produce more oil with fewer rigs, Texas employment in the oil patch has fallen five out of the first six months of 2024.
US Drillers Cut Oil, Gas Rigs for First Time in Three weeks
The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug. 2. Baker Hughes said that puts the total rig count down 73, or 11%, below this time last year.
Wood Mackenzie: OFS Costs Expected to Decline 10% in 2024
As service companies anticipate a slowdown in Lower 48 activity, analysts at Wood Mackenzie say efficiency gains, not price reductions, will drive down well costs and equipment demand.
US Rig Count Makes Biggest Monthly Jump Since November 2022
The oil and gas rig count, an early indicator of future output, rose by three to 589 in the week to July 26.