Wednesday, August 12, 2026

Rig Count Increases Slightly

Texas adds three in sedate week Rig counts increased slightly this week, reinforcing the major increase seen last week, according to Baker Hughes Weekly Rig Count. A net one rig began operations this week, meaning there are 1,082 rigs active in the U.S. One land and one offshore rig began operations, while one inland waters rig shut down. There are

U.S. Steel Names Concho CEO Tim Leach “Chief Roughneck” for 2018

Concho Resources (stock ticker CXO) Chairman and CEO Timothy A. Leach was tapped by U. S. Steel Tubular Products, Inc., a subsidiary of United States Steel Corporation (stock ticker: X), as the recipient of the industry’s Chief Roughneck Award for 2018.  The announcement was made at the 89th annual meeting of the Independent Petroleum Association of America (IPAA) this week.

Anadarko Reveals 2019 Capital Plan

Bulk earmarked for shale, company expects lower spending than 2018 Anadarko Petroleum (stock ticker: APC) announced its 2019 capital program and guidance today, outlining the next year’s spending plan for the company. Anadarko expects to spend $4.3 to $4.7 billion in capital investment in 2019, down from this year’s program. About 70% of this will go to shale development, while