The nation’s tally of active drilling rigs held flat this week as rising U.S. crude oil prices flirted with the $60 per barrel threshold, according to the weekly count from the Houston oilfield services firm Baker Hughes.
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U.S. energy firms reduced the number of oil rigs operating for a seventh week in a row as year-long declines in the rig count have only curbed growth of record U.S. production, prompting OPEC to deepen cuts in an effort …
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row and the rig count has dropped 24% year-on-year as producers cut spending on new drilling.
Drillers cut three oil rigs …
Oil and gas industry signals were mixed this week, as the rig count and natural gas prices dropped, but oil prices rose.
U.S. drilling activity declined this week, with four land-based rigs shutting down. There are …
The U.S. rig count has finally exceeded 900 rigs, according to Baker Hughes’ (ticker: BHI) most recent weekly rig count.
American land rigs added 14 for a total of 878 rigs …
