Drilling Rig Count in Unconventional Basins


[Unconventional Basin Rig Counts] [U.S. Rig Count] [Canadian Rig Count]

ARTICLES

Oil Drillers Doing More With More

Texas and the Permian Basin again led the gainers among states and plays in the latest Baker Hughes Inc. rig count. Twelve rigs (mostly oil) returned to U.S. land-based service, and they'll be more productive than their predecessors, oil analysts at Societe Generale said in a note Tuesday. Read More

Rigs Keep Rising, Followed by Oilfield Services Rates

A modest six land-based rigs returned to service in the United States during the week ending Friday, according to Baker Hughes Inc. That was enough to push the current tally to 640, five rigs past the year-ago level. More rigs are coming back this year, and that will mean increased pricing power for oilfield services companies, analysts said. Read More

Three U.S. NatGas Rigs Return During Last Week of Year

In the last Baker Hughes Inc. rig count of 2016, seven U.S. land-based rigs came back to service to end the year with 634 active; two departed offshore service to make for a net increase of five U.S. rigs from the previous week. That brought the year-end tally of U.S. actives to 658, which is 40 fewer than a year ago. Read More

Oil Rigs Wind Up as Analyst Notes NatGas Production Winding Down

In the last Baker Hughes Inc. rig count of 2016, Texas and Oklahoma added a combined 10 rigs while the U.S. land-based tally grew by 13 to 627. The number of active U.S. oil rigs reached a level not seen since January, bringing a, perhaps, encouraging end to a year that most in the energy patch would probably rather forget. Read More

Book Your West Texas Room Now For Permian Boom

Across the West Texas plains, analysts at Wunderlich Securities Inc. say they "can see a boom coming." After recently visiting producers in Houston and Midland, TX, and hanging out at the Texas-New Mexico border, Wunderlich analysts Irene Haas and Jason Wangler feel confident enough to call another Permian boom. Read More

Drillbits Drop Like Rain on Permian Basin

Anyone doing the mannequin challenge in the Permian Basin in recent days ran the risk of a drilling rig landing on top of them. Drillers again voted with their bits during the week ending Friday, opting -- as they have previously -- for oil from the Texas side of the Permian Basin. Read More