Chris
Mathews
Hart Energy
Some Payne, But Mostly Gain for H&P in Q4 2023
Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
US Drillers Add Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count, an early indicator of future output, rose by one to 621 in the week to Jan. 26.
US Drillers Add Oil, Gas Rigs for First Time in Three Weeks
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count, an early indicator of future output, fell by two to 619 in the week to Jan. 12, the lowest since November.
Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs
Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
The oil and gas rig count, an early indicator of future output, fell by one to 621 in the week to Jan. 5.
Production from Canada’s Montney, Duvernay Gains Momentum
The dust has settled on acquisitions, and the leading players have publicized five-year plans that demonstrate a commitment to increasing production from Canada’s premier shale plays.
US Oil, Gas Rig Count Drops in 2023 After Rising in 2021, 2022
Baker Hughes said U.S. oil rigs rose two to 500 this week, their highest since Dec. 15, while gas rigs were unchanged at 120.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count, an early indicator of future output, fell by three to 620 in the week to Dec. 21, the lowest since mid-November.
Analysts: Permian Basin Rigs Plummeted on Record Upstream M&A
A land grab for top-quality drilling locations fueled record Permian Basin M&A activity in 2023. To preserve inventory, E&Ps are radically slashing drilling activity on their new assets, East Daley Analytics reports.