Baker Hughes

U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three

U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three

The U.S. natural gas rig count fell one unit to finish at 109 for the week ended Friday (April 12), while a small decrease in oil drilling dropped the combined domestic tally three units to 617, according to the latest numbers from Baker Hughes Co. (BKR). Total domestic natural gas rigs finished the period down…

April 12, 2024
U.S. Drops Two More Natural Gas Rigs as Haynesville Activity Slows, BKR Data Show

U.S. Drops Two More Natural Gas Rigs as Haynesville Activity Slows, BKR Data Show

Including activity declines in the Haynesville Shale, the U.S. natural gas rig count skidded to 110 for the week ended Friday (April 5), down two week/week, updated numbers from Baker Hughes Co. (BKR) show. Total active U.S. natural gas rigs finished the week well shy of the 158 rigs running at this time a year…

April 5, 2024
NGI’s 4Q2023 LNG Market Analyst Takeaways

NGI’s 4Q2023 LNG Market Analyst Takeaways

The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward. Cheniere Energy Inc. (LNG): Statistics from Cheniere…

April 3, 2024
Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

The U.S. natural gas rig count held steady at 121 for the week ended Friday (Feb. 16), while a decline in oil activity lowered the combined domestic drilling tally two units to 621, according to updated figures from Baker Hughes Co. (BKR). Land drilling went unchanged week/week in the United States, while the Gulf of…

February 16, 2024
Natural Gas Drilling Rises in U.S. as Haynesville, Marcellus Add Rigs, BKR Data Show

Natural Gas Drilling Rises in U.S. as Haynesville, Marcellus Add Rigs, BKR Data Show

Led by gains in both the Haynesville and Marcellus shales, the U.S. natural gas rig count advanced to 121 for the week ended Friday (Feb. 9), up four rigs for the period, according to the latest tally from Baker Hughes Co. (BKR). Total U.S. oil-directed rigs were unchanged week/week at 499, and the combined domestic…

February 9, 2024
Baker Hughes Forecasting LNG FIDs Slowing, but Overall Massive Pipeline to 2030

Baker Hughes Forecasting LNG FIDs Slowing, but Overall Massive Pipeline to 2030

The world is on track to achieve 800 million metric tons/year (mmty) of LNG capacity by 2030, with Baker Hughes Co. expecting to grab a major slice of the market, executives said Wednesday. CEO Lorenzo Simonelli, joined by CFO Nancy Buese, discussed the Houston-based oilfield service giant’s latest quarterly results and the outlook during a…

January 24, 2024
Natural Gas Count Up Three in U.S. as Marcellus, Haynesville Pick Up Rigs

Natural Gas Count Up Three in U.S. as Marcellus, Haynesville Pick Up Rigs

The U.S. natural gas drilling count rose three units to 117 for the period ending Wednesday (Nov. 22) as the Haynesville and Marcellus shales picked up rigs, Baker Hughes Co. (BKR) data show. Oil-directed drilling was unchanged at 500 rigs in the United States for the period, while the addition of one miscellaneous unit helped…

November 22, 2023
Natural Gas Rigs Down Four, Oil Count Up Six in Updated BKR Tally

Natural Gas Rigs Down Four, Oil Count Up Six in Updated BKR Tally

The U.S. natural gas rig count dropped four units to finish at 114 for the week ending Friday (Nov. 17), while gains in the oil patch saw the combined domestic drilling tally rise two units to 618, according to updated numbers from Baker Hughes Co. (BKR). Changes in the United States for the period included…

November 17, 2023
U.S. Natural Gas Rig Totals Steady in Updated BKR Count; Oil Tally Eases Lower

U.S. Natural Gas Rig Totals Steady in Updated BKR Count; Oil Tally Eases Lower

Natural gas drilling activity held steady for the week ended last Friday (Nov. 10), while an easing oil count saw rigs slide overall in the United States for the period, according to recently updated figures published by Baker Hughes Co. (BKR). Total domestic natural gas rigs ended the week at 118, unchanged from a week…

November 13, 2023
Baker Hughes Clinching More LNG Contracts, with Pipeline of FIDs in Queue

Baker Hughes Clinching More LNG Contracts, with Pipeline of FIDs in Queue

The global LNG market remained tight during the third quarter, evidenced by price spikes, labor strikes in Australia and geopolitical turmoil,  but demand still rose about 1.5% year/year and is looking stronger, Baker Hughes Co. CEO Lorenzo Simonelli said Thursday. During a wide ranging conference call to discuss quarterly results, Simonelli provided insight into how…

October 26, 2023
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