Rig Count Declines After Three Weeks of Growth Drilling activity fell this week, reversing last week’s increase, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net one rig shut down this week, meaning there are 1,067 rigs active in the country. There was little change in rigs by location type, as land and inland waters rigs
Two rigs active in Montana for first time this year Drilling activity in the U.S. rose for the third week in a row, according to the latest edition of Baker Hughes’ Weekly Rig Count. The overall U.S. rig count increased by a net one this week, as two land-based rigs came online and one offshore rig shut down. There are
From the Midland Reporter Telegram A new report says the international rig count could rebound and break 1,100 by 2020, according to Raymond James. Analysts from Raymond James said increased spending by international oil and gas companies and a rebound in Latin American drilling will drive the increases and lead to the international drilling rig count stabilizing around 1,150 after 2020.
Rig activity was exactly flat this week compared to last, according to the Baker Hughes weekly rig count. The U.S. stayed pat at 1,048 rigs—but that’s up 104 from the same week in 2017. Canada, however, is down 24 rigs, week over week. Area Last Count Count Change from Prior Count Date of Prior Count Change from Last Year
Baker Hughes released its weekly rig count today. The total U.S. number of rigs went up 13, ending the week of May 25, 2018 at 1,059. A year ago at this time there were 881 U.S. rigs at work. Texas has the most rigs by far at 534. Oklahoma is the closest competitor at 140 rigs. Last year the two
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
