US Drillers Add Oil, Gas Rigs for Record 17th Month in a Row
Even though the rig count has been rising for a record 17 months in a row, analysts noted production was still expected to ease as energy firms continue to focus more on returning money to investors than boosting output.
Hart Energy Unconventional Activity Tracker (Week of Dec. 27, 2021)
According to Enverus Rig Analytics, the U.S. rig count is nearing levels seen in March 2020, the start of COVID-related shutdowns.
Hart Energy Unconventional Activity Tracker (Week of Dec. 20, 2021)
The largest week-over-week changes to the U.S. rig count occurred in the Permian, which added four rigs, and the Anadarko Basin, which added three.
US Drillers Add Oil, Gas Rigs for Second Consecutive Week
Even though the U.S. rig count has been rising for a record 16 months in a row, analysts noted that oil production was still expected to ease in 2021 as producers continue to focus more on shareholder returns rather than boosting output.
Hart Energy Unconventional Activity Tracker (Week of Dec. 13, 2021)
The largest week-over-week increase to the U.S. rig count occurred in the D-J Basin, which gained four rigs, followed by the Anadarko Basin with a two-rig increase.
US Oil and Gas Rig Count Rises, Baker Hughes Report Shows
The oil and gas rig count rose seven to 576 in the week to Dec. 10, its highest since April 2020, Baker Hughes Co. said in its weekly report.
Hart Energy Unconventional Activity Tracker (Week of Dec. 6, 2021)
The U.S. rig count rose 3% in the last month with 19 rigs added in the Permian Basin alone, and several operators are planning to drill for more gas.
US Drillers Keep Rig Count Steady Despite Falling Oil Prices
U.S. oil rigs held at 467 this week, which was also their highest since April 2020, while gas rigs were unchanged at 102 for a fourth week in a row.
Hart Energy Unconventional Activity Tracker (Week of Nov. 29, 2021)
The largest week-over-week gains to the U.S. rig count occurred in the Gulf Coast and the Anadarko Basin. Meanwhile, the Permian had the largest loss at seven rigs.
Hart Energy Unconventional Activity Tracker (Week of Nov. 22, 2021)
Rig count, crude futures fall slightly, shale basin gas production rises