Tag: Rig Count
Oil, natural gas production jobs in May were 26% lower than in Oct. 2014
New-well oil production per rig in 2016 has been more than twice its 2013 level in areas such as the Bakken, Eagle Ford, and Permian Despite increases in crude oil prices since the start of the year, employment in oil and natural gas extraction and support activities continued declining from levels reached in the fall […]
Increased drilling may slow pace of crude oil production declines
Production forecast based on WTI $47/b in 3rd quarter, $50/b average 2nd quarter 2017 Higher and more stable crude oil prices are contributing to increased drilling in the US, which may slow the pace of production declines, according to the US Energy Information Administration. Benchmark WTI crude oil prices averaged $46.59 per barrel over the […]
Halliburton: Weak service pricing even as rig count rises
Halliburton reports smaller than expected Q2 loss By Swetha Gopinath and Arathy S Nair July 20 (Reuters) – Halliburton Co, the world’s No.2 oilfield services provider, said it expects a “modest uptick” in rig count in the second half of the year, but emphasized that the current low pricing environment was unsustainable. Shares of the company […]
Texas drilling permits and completions statistics for June 2016
Texas rig count as of July 8 was 201, representing 46% of active rigs in the US AUSTIN– The Railroad Commission of Texas issued a total of 656 original drilling permits in June compared to 851 in June 2015. The June total included 506 permits to drill new oil or gas wells, four to re-enter […]
US rig count down, Canada up for May 2016 – Baker Hughes
Worldwide rig count for May was 1,405, down 19 from April HOUSTON- Baker Hughes says the May international rig count was 955 up 9 from the 946 counted in April, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in […]
April U.S and Canadian rig count from Baker Hughes
Rig Counts are drilling rigs actively exploring for or developing oil/natural gas in the U.S., Canada and international markets HOUSTON- Baker Hughes announced that the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down 256 from the 1,202 counted in April 2015. The international offshore […]
Rig count hits record low – Texas loses 8, Permian Basin down to 152
Analysts say American E&P firms need $45/b WTI before resuming drilling HOUSTON, Texas – The number of rigs exploring for oil and natural gas in the U.S. dropped 12 this week to 464, a record low amid continuing price woes in the energy industry. A year ago, 1,048 rigs were active. Analysts expect the rig count will bottom in […]
Rig count at historic low, but gas production still high
Fewer rigs but higher production suggests drilling is more efficient There were 94 active natural gas-directed rigs as of March 11, 2016, according to Baker Hughes Inc., a decline of three units from last week, when rigs fell below 100 for the first time in the 29-year rig data history. Natural gas-directed rigs are currently 63 per […]
International rig count declines again in Feb. – Baker Hughes
Feb. rig count was 1,761 – down from 1,891 in Jan. 2016 and 2,986 in Feb. 2015 Baker Hughes announced today that the international rig count for Feb. 2016 was 1,018, down 27 from the 1,045 counted in Jan. 2016, and down 257 from the 1,275 counted in Feb. 2015. The international offshore rig count for […]
Baker Hughes US rig count down this week to 737
US rig count continues to fall as oil prices drop On Friday, Baker Hughes released its weekly rig count, showing the number of rigs looking for oil or natural gas in the United States has dropped by seven to 737. The number of oil rigs dropped 10 to 545 and the number of natural gas […]
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