Tag: US Oil Exploration
Capex cuts are both risk, reality for American E&Ps – Fitch
Prolonged low prices, supply and demand dynamics remain key issues affecting American oil and gas producers, service firms NEW YORK – The 2016 sector outlooks for the US oil and gas and oilfield services sectors are negative, according to Fitch Ratings, pressured by global supply/demand challenges, the threat of persistently low oil prices, and sharp capex […]
US rig count declines by 4 this week, Texas and California each down 2 rigs
US rig count by Baker Hughes HOUSTON _ Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by four to 767. Houston’s Baker Hughes said Friday that 574 rigs were seeking oil and 193 explored for natural gas. A year ago, […]
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