MLP News

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U.S. Rig Count Down by Eight

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers up by three

This week’s Baker Hughes rig count shows that U.S. numbers declined by eight, resulting in the total count falling to 934. Compared to this time …

August 9, 2019 - 2:29 pm
Click the above image to access EnerCom's interactive rig count dashboard

U.S. Rig Count Down by Four

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers up by ten

This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 942. Compared to this time …

August 2, 2019 - 2:26 pm
Click the above image to access EnerCom's interactive rig count dashboard

U.S. Rig Count Falls to 946

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers up by nine

This week’s Baker Hughes rig count shows that U.S. numbers declined by eight, resulting in the total count falling to 946. Compared to this time …

July 26, 2019 - 4:25 pm
Click the above image to access EnerCom's interactive rig count dashboard

U.S. Rig Count Drops by Four

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers up by one

This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 954. Compared to this time …

July 19, 2019 - 1:40 pm
Click the above image to access EnerCom's interactive rig count dashboard

U.S. Rig Count Declines by Five

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers down by three

This week’s Baker Hughes rig count shows that U.S. numbers declined by five, resulting in the total count falling to 958. Compared to this time …

July 12, 2019 - 3:11 pm
Click the above image to access EnerCom's interactive rig count dashboard

U.S. Rig Count Declines by Four

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers also down by four

This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 963. Compared to this …

July 3, 2019 - 5:02 pm
Click the above image to access EnerCom's interactive rig count dashboard

U.S. Rig Count Remains Flat

By Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers up five

This week’s Baker Hughes rig count shows that U.S. numbers stayed static, resulting in the total remaining at 967. Compared to this time last year, however, numbers …

June 28, 2019 - 4:33 pm
U.S. Rig Count Down Two

U.S. Rig Count Down Two

By Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers up 12

This week’s Baker Hughes rig count shows that U.S. numbers fell by two, bringing the total down to 967. Compared to this time last year, the decline …

June 21, 2019 - 2:21 pm
U.S. Oilpatch Drilling Productivity Multiple Climbs Above 3.0

U.S. Oilpatch Drilling Productivity Multiple Climbs Above 3.0

Effective Rig Count falls by 49 in May
By Bevo Beaven, Editor, Oil & Gas 360
Oil & Gas 360 has released the latest Effective Rig Count, a measure that evaluates the state of drilling activity in the U.S. shale

June 20, 2019 - 3:25 pm
U.S. Rig Count Falls Again

U.S. Rig Count Falls Again

By Tyler Losier, Energy Reporter, Oil & Gas 360


Canadian numbers rise by 4

This week’s Baker Hughes rig count shows that U.S. numbers fell by six, bringing the total down to 969. Compared to this time last year, the …

June 14, 2019 - 4:05 pm
50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash

50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash

By Bevo Beaven, Editor, Oil & Gas 360

Martin Midstream Partners L.P. (stock ticker: MMLP) has entered into a definitive agreement with Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, to sell its membership interests in Arcadia …

June 10, 2019 - 4:54 pm
Source: EnerCom Analytics, Baker Hughes

U.S. Rig Count Drops by Nine This Week

Canadian numbers rise by 18

This week’s Baker Hughes rig count shows that U.S. numbers fell by nine, bringing the total down to 975. Compared to this time last year, the decline is even steeper, with yearly numbers down 87 …

June 7, 2019 - 3:01 pm
International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

Baker Hughes (stock ticker: BHGE) released its monthly international rig count today, revealing an increase of 64 compared to April, bringing the total number of rigs to 1,126. The number of offshore rigs, however, fell 11 compared to last month, …

June 7, 2019 - 2:41 pm
Source: Baker Hughes

U.S. Adds One Rig for a Total Rig Count of 984

By OAG 360 Staff

Baker Hughes has released its weekly rig count, and things stayed basically flat with a net addition of one offshore rig in the U.S. Gulf of Mexico.  Canada’s operating rig count grew by seven this week.

May 31, 2019 - 5:36 pm
Rig Count Drops to 983

Rig Count Drops to 983

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
U.S falls, Canada’s numbers rise
This week’s Baker Hughes rig count revealed falling rig numbers for the U.S., but a substantial increase in the Canadian rig count.

In the U.S.,

May 24, 2019 - 4:51 pm
Sixth Week of Falling Rig Counts

Sixth Week of Falling Rig Counts

Vertical drilling rises from multi-decade low
Drilling activity in the U.S. fell once again, the 12th drop in the past 13 weeks according to Baker Hughes Weekly Rig Count.

A net one rig shut down in the week, leaving 987

May 17, 2019 - 5:39 pm
Reliance Gathering to Explore a $500 Million Sale

Reliance Gathering to Explore a $500 Million Sale

From Bloomberg

Reliance Gathering LLC, which transports crude oil in the Permian Basin, is exploring a sale, according to people familiar with the matter.

Reliance is working with an adviser to run an auction that could value it at …

May 17, 2019 - 5:32 pm
Productivity Rebound Drives Higher Effective Rig Count

Productivity Rebound Drives Higher Effective Rig Count

ERC up 29 as strong productivity outweighs declining activity
By Richard Rostad, analyst, Oil & Gas 360

Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major

May 13, 2019 - 5:41 pm
Vertical Drilling Hits Bottom

Vertical Drilling Hits Bottom

Only 45 vertical rigs remain online - lowest level in decades
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell once again this week, as activity dropped for the 11th time in the past week according to Baker

May 10, 2019 - 5:43 pm
Kinder Morgan Canada To Remain Independent After Strategic Review

Kinder Morgan Canada To Remain Independent After Strategic Review

From Reuters

Pipeline company Kinder Morgan Canada Ltd said on Thursday it would continue as a stand-alone entity, following a strategic review that considered options including a sale.

The company said its decision was consistent with the recommendation of a …

May 10, 2019 - 5:16 pm
Photo by Mike Goldwater"

Energy Transfer No Longer Pursuing Permian Gulf Coast Pipeline: CFO

From Reuters

Energy Transfer Partners LP will no longer pursue the Permian Gulf Coast (PGC) pipeline as it was initially announced, but will evaluate participating in other projects to transport crude from the largest U.S. oil field, company Chief Financial …

May 9, 2019 - 1:41 pm
Enbridge Seeking At Least Eight-Year Oil Shipping Commitments on Canada Mainline, Worrying Small Producers

Enbridge Seeking At Least Eight-Year Oil Shipping Commitments on Canada Mainline, Worrying Small Producers

From Reuters

Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told …

May 8, 2019 - 5:05 pm
Canada Likely to Proceed With Trans Mountain Expansion

Canada Likely to Proceed With Trans Mountain Expansion

From Bloomberg

The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its decision next month, officials familiar with the matter say.

The government has made no secret about its interest in …

May 7, 2019 - 5:08 pm
TransCanada Changes Name to TC Energy

TransCanada Changes Name to TC Energy

From Reuters

Pipeline company TransCanada Corp said on Friday it has changed its name to TC Energy, to reflect the expansion of its business beyond Canada to the United States and Mexico.

Calgary-based TC Energy has been struggling to make …

May 6, 2019 - 3:56 pm
Weekly Rig Count: Small Overall Change Conceals Extensive Reshuffle

Weekly Rig Count: Small Overall Change Conceals Extensive Reshuffle

Most states, basins see shifting activity
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell slightly this week, continuing an overall decline that has prevailed for most of 2019 according to Baker Hughes.

A net one rig came

May 3, 2019 - 5:58 pm
Abu Dhabi National Oil Company (ADNOC) (PRNewsFoto/Abu Dhabi National Oil Company)

Abu Dhabi Weighs Multi-Billion Dollar Gas Pipeline Deal

From Bloomberg

Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter.…

April 30, 2019 - 3:40 pm
EQM says ‘unlikely’ to complete Mountain Valley natgas pipe in 2019

EQM says ‘unlikely’ to complete Mountain Valley natgas pipe in 2019

From Reuters

EQM Midstream Partners LP said on Tuesday it was “unlikely” to complete the long-delayed $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia during 2019 due to ongoing legal and regulatory challenges.

EQM, however, said …

April 30, 2019 - 3:22 pm
Rig Count Sinks Beneath a Milestone Marker

Rig Count Sinks Beneath a Milestone Marker

First time below 1,000 since March 2018

By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell sharply today continuing the overall downward trend according to Baker Hughes’ Weekly Rig Count.

A net 21 rigs shut down in the …

April 29, 2019 - 5:19 pm
Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

Canada Extends Deadline for Trans Mountain Pipeline Decision to June 18

From Reuters

Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday.

The Trans Mountain expansion (TMX) project …

April 22, 2019 - 12:07 pm
U.S. Drillers Tally First YOY Rig Count Decline Since 2016

U.S. Drillers Tally First YOY Rig Count Decline Since 2016

Total count down 10
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell this week in the U.S. continuing a general downward trend, according to Baker Hughes Rig Count.

A net ten rigs came offline in the week,

April 18, 2019 - 5:29 pm