Wednesday, July 30, 2025

Rigs up for Nineteenth Week

Now exactly one year past bottom of rig count Baker Hughes (ticker: BHI) released its weekly rig count today, showing an increase in active U.S. rigs for the nineteenth- straight week. After breaking 900 for the first time since 2015 last week, American rigs continued their growth this week, ending at 908 active rigs. A total of 504 more rigs

EP Energy Announces Uinta Basin JV with Tesoro

60 wells will be drilled EP Energy (ticker: EPE) and Tesoro (ticker: TSO) announced a drilling joint venture in the Uinta basin this week, supporting EP’s Altamont program. The joint venture will provide for a 60 well drilling program, a significant acceleration of EP’s operations in the area. From Q1 2016 through Q1 2017 EP completed 18 wells in the

Texas Produced From Nearly 270,000 Wells in March

9,600 wells came online in March The Railroad Commission of Texas released oil and gas production statistics this week, outlining hydrocarbon production in March. Preliminary figure indicate production is down compared to this time last year. Oil production in March was 77.3 MMBBL, compared to 87.2 MMBBL in March 2016. Natural gas production was 608 Bcf, down from the 710