U.S. rig count is up by one from last week, to 931, according to Baker Hughes’ latest rig count data. One land rig was added. Overall, the change from last year has been a positive gain of 278 rigs from the 653 rigs reported December 23, 2016. The Gulf of Mexico has maintained 19 rigs this week with no changes.
Four rigs go offline 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 now 888 land-based rigs in the U.S., the lowest number in five months. Inland waters and offshore rigs counts were
U.S. rig count falls by 15 The number of rigs operating in the United States continued to decline in the week ended October 20, 2017, according to Baker Hughes. The company reported a total rig count of 913, down 15 from the previous week. All the rigs laid down this week were onshore with those offshore and drilling inland waters
Permian drops one The total number of rigs operating in the U.S. grew by 12 this week, according to the Baker Hughes weekly rig count. There are currently 952 rigs currently operating in the U.S., 931 of which are land-based and the remaining 21 offshore. The onshore rig count was responsible for the addition of all 12 new rigs. Four
U.S. added the most land rigs since April 2015 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 online. This is the highest number of land rigs active in the U.S. since April 2015, a few months after
OPEC will meet to decide on further production cuts next week, but will their efforts be ruined by the power of U.S. shale producers? OPEC has been restraining production since the beginning of the year, after a group of cartel members teamed with Russia and other non-OPECs and agreed to production cuts last November. In total, the OPEC group targeted production
Eagle Ford adds 5 rigs, Williston adds 3, Permian adds 2 for the week Onshore drilling activity remained more or less unchanged for the week ended March 3, 2017, according to Baker Hughes’ (ticker: BHI) weekly report. The number of active rigs drilling onshore in the U.S. increased by just one rig to 734 this week. Total U.S. rigs increased
Despite relatively low rig activity, the Utica shows the strongest gains in production efficiency since January 2014 Baker Hughes Industries (ticker: BHI) released its weekly update on the number of rigs operating in the United States Friday, showing ten more rigs active in the country from last week. The Permian remains the most active basin in the country, but despite
Baker Hughes released its weekly count of working rigs Friday. U.S. rig count is up by 12 this week, sitting at 741, which is 200 more than last year at this time. Canadian rig count was up 9 to 352, which is 130 more than this time last year. The international count stood at 933 for January 2017, which is down 112
Total U.S. rig count up 18 from last week The rig count continued to rise in the United States for the week ended January 27, 2017, according to Baker Hughes Industries (ticker: BHI). The total count now stands at 712, up 93 from this time last year. The majority of the gains were once again from rigs drilling for oil.
EnerCom’s Effective Rig Count is a measure of drilling efficiency that accounts for the unique attributes of shale and the way shale plays are being developed in 2017 The industry has traditionally relied on the BHI weekly rig count as an indicator of the level of oil and gas activity taking place across the country and of what direction it
U.S. rig count is growing, particularly in the Permian, as OPEC appears to be complying The United States rig count grew by 35 in the week ended January 20, 2017, according to Baker Hughes Industries (ticker: BHI). The total count now sits just below 700 at 694, according to the group. The current count is now 57 rigs higher than
