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More Oil Drilling Propels U.S. Rig Count Higher for Sixth Straight Week

Bolstered by increased oil drilling, particularly in the Permian Basin, the U.S. rig count climbed for a sixth straight week during the period ended Friday (Oct. 23), picking up five units to reach 287, according to the latest data from Baker Hughes Co. (BKR). A six-rig increase in domestic oil drilling offset a one-rig decline…

Daily Gas Price Index

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LNG Infrastructure Easily Modified to Liquefy Hydrogen, Says Chart CEO

Natural gas liquefaction technology made by Chart Industries Inc. can be modified relatively easily to also liquefy hydrogen for export, the CEO said Thursday. Ball Ground, GA-based Chart provides liquid gas technologies and equipment for the energy, water and space industries, among others. It has in the last few years become more focused on the…

October 23, 2020

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Patterson-UTI Sees U.S. Fracturing Improving into New Year on Stable Oil, Gas Prices

The Lower 48 oil and natural gas rig count remains sharply lower than a year ago, but fracturing activity is rising, a revival that should extend into 2021, all things (prices) being equal, Patterson-UTI Energy Inc. CEO Andy Hendricks said Thursday.  Drilling and completion activity for the Houston giant “stabilized” in the third quarter as…

October 22, 2020

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LNG Imports in Latin America Fall as Pandemic Takes Toll

Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…

October 22, 2020