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Six U.S. Land Rigs Come Back; More Returns Anticipated

Six U.S. Land Rigs Come Back; More Returns Anticipated

The Baker Hughes Inc. (BHI) U.S. land rig count gained again during the week ending June 10, and with increasing confidence, analysts following the drilling and services sector have been calling a bottom to the long-running activity decline.

June 10, 2016
U.S. GOM Adds Two Rigs, But Overall Decline Continues

U.S. GOM Adds Two Rigs, But Overall Decline Continues

Two rigs returned to the U.S. Gulf of Mexico (GOM) in the latest count of active drilling rigs by Baker Hughes Inc. released Friday (Sept. 25). That brings the GOM tally to 31, still way off from its year-ago level of 59.

September 25, 2015
Vertical Rigs Stand Up For Count, Horizontals Lie Down

Vertical Rigs Stand Up For Count, Horizontals Lie Down

Vertical drilling rigs made a strong return to the oil/gas patch, climbing by 13, according to the latest data from Baker Hughes Inc. released Friday (July 10). It was enough to give the U.S. count of active rigs a tiny nudge up by one and continue a recent climb back from the count’s June 19 level, which had set a multi-year low.

July 10, 2015
Ohio Court May Review Questionable Utica Lease Agreements

Ohio Court May Review Questionable Utica Lease Agreements

A class action lawsuit in Ohio pending in a Youngstown court could affect property owners attempting to rid themselves of original lease agreements with oil and natural gas operators.

July 18, 2013
Exco Still In the Market After Last Week’s $1B Deal

Exco Still In the Market After Last Week’s $1B Deal

Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp. last week, CEO Douglas Miller said Monday. There are plenty of deals, and financing is available, he told analysts following the company.

July 9, 2013
XTO Brings NGL Recovery Facility Online in Pennsylvania

XTO Brings NGL Recovery Facility Online in Pennsylvania

XTO Energy Inc.’s natural gas liquids (NGL) recovery facility in Butler County, PA, has entered service processing wet gas from Marcellus and Utica shale drilling in southwestern Pennsylvania.

June 19, 2013

Senators Claim Energy Swaps Fly Under CFTC Radar

Expressing “alarm” that the Commodity Futures Trading Commission (CFTC) is not registering all swap dealers that are active in energy markets, six prominent West Coast senators said they are “increasingly concerned” that the $8 billion annual de minimis threshold exemption in the agency’s Dodd-Frank Wall Street Reform Act rules may allow the vast majority of the energy swap market to fly under the regulator’s radar.

May 27, 2013

Western Senators: Energy Swaps Fly Under CFTC Radar Screen

Expressing “alarm” that the Commodity Futures Trading Commission (CFTC) is not registering all swap dealers that are active in energy markets, six prominent senators from the West Coast said they were “increasingly concerned” that the $8 billion annual de minimis threshold exemption in the agency’s Dodd-Frank rules may allow the vast majority of the energy swap market to fly under the regulator’s radar.

May 21, 2013
Marcellus Changing Game For Some Producers; Some Still Lag

Marcellus Changing Game For Some Producers; Some Still Lag

The Marcellus Shale today is the largest U.S. natural gas production region, with output of more than 7 Bcf/d, which has led to a “significant, positive” impact on early movers, but some operators continue to underperform share-wise in the play, according to IHS Inc.

March 19, 2013
Marcellus Drilling Backlog Could Keep Production Growing in ’13

Marcellus Drilling Backlog Could Keep Production Growing in ’13

Although drilling activity in the Marcellus Shale has slowed and some producers have dropped rigs, there is enough of a drilling backlog that, if wells were brought online over a one-year period, production would continue to grow but at a slower pace, energy analysts with Barclays Capital said.

March 8, 2013