Post Tagged with: "Rigs"

EnerCom Effective Rig Count Equates to 1,109 Rigs in the Permian

EnerCom Effective Rig Count Equates to 1,109 Rigs in the Permian

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 …

Permian Thought Leaders Talk Turkey

Permian Thought Leaders Talk Turkey

“It will get to a point where it’s actually artificial intelligence that’s drilling our wells for us, with us observing” – Tim Dove, CEO, Pioneer Natural Resources

There are a lot of smart E&P companies rambling around West Texas, the …

Patterson-UTI Energy Completes Merger

Patterson-UTI Energy Completes Merger

Patterson-UTI (NASDAQ: PTEN) closed its merger with Seventy Seven Energy Inc.

Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.  Patterson-UTI issued …

U.S. Rig Count Now 396 Rigs Higher Than Year-Ago Levels

U.S. Rig Count Now 396 Rigs Higher Than Year-Ago Levels

Drilling continues to pick up in the U.S. as oil remains above $50 per barrel

Baker Hughes Industries (ticker: BHI) released the North American rig count Friday showing yet another week of increased drilling activity in the United States. The …

Oil Above $50 Despite 15 Additional Rigs

Oil Above $50 Despite 15 Additional Rigs

Onshore drilling continues to spool up as oil remains near $50 per barrel

The U.S. rig count continued to climb in the week ended March 31, 2017, with Baker Hughes reporting 15 additional rigs added to fleets across the country …

Photo: Oil & Gas 360 - Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

Permian – Delaware Basin Action Virtually Nonstop Since Oct. 1

No slowdown for the Permian

Everybody is getting into the action in the Permian basin and in the Delaware portion of the basin in particular.

Even Norway’s TGS-NOPEC Geophysical Company (ticker: TGS) has landed in the Permian. TGS announced today …

Canada, Permian Rig Count Rally Roars On

Canada, Permian Rig Count Rally Roars On

Canadian rig activity spurs North American drilling to year-ago levels

Oil and gas drilling activity continues to increase in North America following the decision by OPEC to cut production.

The number of active rigs in both the U.S. and Canada …

Patterson-UTI Energy Inc. and Seventy Seven Energy to Merge

Patterson-UTI Energy Inc. and Seventy Seven Energy to Merge

Service Company Makes Big Push into Land Drilling High Spec Rigs and Pressure Pumping

Patterson-UTI Energy Inc. (ticker: PTEN) and Seventy Seven Energy Inc. (ticker: SVNT) today jointly announced that they have entered into a definitive merger agreement in which …

U.S., Canada Getting Back to Work:  North American Rig Count Jumps by 57

U.S., Canada Getting Back to Work: North American Rig Count Jumps by 57

Three U.S. plays are more active than Dec. 2015, Canadian rig count 32% higher than 2015

The number of rigs drilling in North America increased by 57 rigs over the course of the week as oil prices remain above $50 …

Photo: Free Range Longmont -- Drilling near Mead, Colorado

U.S. Rig Count Approaches 600

Total U.S. rig count climbs up again

The number of rigs continued to rise this week following OPEC’s agreement to cut 1.2 MMBOPD of production.

The total number of active rigs in the United States reached 597 for the week …

Drilling in the Permian Exceeds Year-Ago Levels

Drilling in the Permian Exceeds Year-Ago Levels

U.S. rig count jumps 20 

Drilling activities continue to ramp up ahead of OPEC’s meeting November 30 as U.S. operators look to take advantage of improved oil prices and greater drilling efficiencies. The total number of rigs drilling in the …

A rig site in North Dakota

The Number of Oil Rigs Continues to Climb

Total U.S. rig count 568: largely unchanged, but oil rigs increase again

The number of rigs actively drilling in the United States was down one this week, but the number of rigs targeting oil continues to climb. There are 452 …

U.S. Rig Count Up 12; Permian Snags 6 of Them

U.S. Rig Count Up 12; Permian Snags 6 of Them

U.S. producers continue to put rigs back to work, weakening prices

Oil prices were down today as U.S. producers continue to ramp up production and put more rigs back to work, and markets remain concerned about whether or not OPEC …

Natural Gas Drilling Up as Prices Rise Above $3 in October

Natural Gas Drilling Up as Prices Rise Above $3 in October

Natural gas drilling is picking up, with Baker Hughes reporting 11 more rigs this week

Natural gas prices have increased more than 72% in the last six months, and the stronger economics have spurred more drilling, according to information …

Rigs Continue to Climb with Oil Price

Rigs Continue to Climb with Oil Price

U.S. rig count up 2

The U.S. rig count continued to rise this week as both WTI and Brent went above $50 per barrel. Both crude oil bench marks were down over 1% Friday, but Baker Hughes Industries (ticker: BHI) …

Baker Hughes Rig Count:  U.S. Up 11, Canada Up 24 since Last Week

Baker Hughes Rig Count: U.S. Up 11, Canada Up 24 since Last Week

Canadian Oil Drilling is More Active than a Year Ago

Drilling activity is picking up in North America as oil prices continue to climb higher this week. The latest information from Baker Hughes Industries (ticker: BHI) shows the U.S. added …

September 30, 2016 - 6:22 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
The Market May Not Absorb Idle Rig Fleet Until the End of 2018

The Market May Not Absorb Idle Rig Fleet Until the End of 2018

883 rigs sitting idle in the United States

Although the U.S. rig count rose in the week ended September 16, 2016, it remains 511 below where it sat at this time last year, according to information from Baker Hughes Industries

North American Rig Count Up Primarily from Gas Rigs

North American Rig Count Up Primarily from Gas Rigs

The U.S. rig count adds five this week, three of which are targeting natural gas

The number of rigs in the United States grew in the week ended September 16, 2016, according to information from Baker Hughes Industries (ticker: BHI). …

Rig Count Slightly Dips as Oil Prices Falter on Continued Glut

Rig Count Slightly Dips as Oil Prices Falter on Continued Glut

U.S. rig count drops by 2 this week as prices dip nearly $3 below weekly high

The U.S. rig count snapped a streak of gains for the week ended September 9, 2016, according to information from Baker Hughes Industries (ticker: …

U.S. Offshore Rig Count Drops 42% Week-Over-Week

U.S. Offshore Rig Count Drops 42% Week-Over-Week

The U.S. rig count increased by 8 rigs in the week ended September 2, according to data from Baker Hughes Industries, reaching 497 in total. The number of oil rigs increased by 1 to 407, while gas rigs rose 7 …

U.S. Rig Count Jumps 4%, Oil Prices Continue to Improve

U.S. Rig Count Jumps 4%, Oil Prices Continue to Improve

The U.S. rig count rose 17 rigs this week, but increased drilling doesn’t weaken oil prices

The U.S. land rig count continued to gain for the week ended August 12, 2016, with 17 additional rigs reported in the United States, …

Schlumberger Seals the Deal on a $300 million Contract in Australia

Schlumberger Seals the Deal on a $300 million Contract in Australia

Schlumberger (ticker: SLB) subsidiary OneSubsea secured an engineering contract for the development of the Greater Enfield project off the northwest coast of Australia from Woodside Energy.

Woodside announced on June 26, that the company would move forward with the development …

July 15, 2016 - 4:39 pm Closing Bell Story‎, Oil and Gas 360 Articles
WTI Climbs Near $50, Rig Count Increases

WTI Climbs Near $50, Rig Count Increases

The U.S. rig count is up 10 to 431

The number of active rigs in the United States increased this week, according to information released by Baker Hughes Industries (ticker: BHI). The total number of rigs reached 431 this week, …

Oil Prices Up Despite Increased Drilling Activity in the U.S.

Oil Prices Up Despite Increased Drilling Activity in the U.S.

Drilling activity up: the U.S. adds ten more rigs this week – more rigs drilling in the Barnett today than a year ago

The rig count in the U.S. continued to climb for a third-straight week this week, according to …

Oil Down Over 2% As U.S. Rigs Increase

Oil Down Over 2% As U.S. Rigs Increase

U.S. rig count increases to 414

The U.S. rig count continued to increase this week, according to information from Baker Hughes Inc. The total number of active rigs in the United States reached 414, up six from last week.

Increases …

International Rig Count Up – First Time in 2016

International Rig Count Up – First Time in 2016

The number of active international rigs increased to 955 in May

The international rig count reached 955 in May, up nine from April, according to information from Baker Hughes Industries (ticker: BHI), which releases information on active international rigs once …

U.S. Rig Count Rises for the First Time in Ten Months

U.S. Rig Count Rises for the First Time in Ten Months

U.S. rig count adds four to 408

Breaking a ten-month long decline, the U.S. rig count rose by four in the week ended June 3, 2016, according to information from Baker Hughes (ticker: BHI). The total U.S. rig count reached …

Lost at Sea: Offshore Drillers Face Difficult Road Ahead

Lost at Sea: Offshore Drillers Face Difficult Road Ahead

Oil prices have continued to move upward in recent weeks, and that has spurred the talk of rig counts possibly increasing and production coming back online. As oil prices flirt with the $50 mark, this may become a reality to …

Total U.S. Rig Count Falls by Only 2 Rigs to 404

Total U.S. Rig Count Falls by Only 2 Rigs to 404

Count of U.S. Working Oil Rigs Holds Steady at 318

The total U.S. rig count continued its downward trend this week, but rigs targeting oil remained steady at 318. In past weeks, the majority of the rig count decline has …

Gas Rigs Increase as the Total Rig Count Continues to Fall

Gas Rigs Increase as the Total Rig Count Continues to Fall

Total U.S. rig count down by 12 rigs this week

The total number of rigs in the United States continues to fall as the oil price recovery remains insufficient to drill new wells. The U.S. rig count fell by 12 …