Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year.
The oil and gas rig count, an early indicator of future output, fell by six to 594 in the week to June 7, decreasing for the second time in three weeks.
The Anadarko Basin's complexities are not stopping Continental Resources from capitalizing on its resources and eyeing acreage that may possibly be on the market soon following the closing of some big deals, the company's Vice President of the Anadarko Basin Aaron Chang told Hart Energy's Nissa Darbonne at SUPER DUG.
The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
The oil and gas rig count, an early indicator of future output, fell by four to 600 in the week to May 24 the lowest since January 2022.
The oil and gas rig count rose by one to 604 in the week to May 17.
Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.
The oil and gas rig count, an early indicator of future output, fell by eight to 605 in the week to May 3, in the biggest weekly decline since September 2023.
Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.