The dry gas Fayetteville Shale lost its only running rig during the week, according to the latest Baker Hughes Inc. rig count released Friday. But the Barnett Shale held onto its two, and the Haynesville added two more to bring its tally to 31.
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Drillers Still Rushing Back, But Some Analysts Foresee Slowdown
The weekly rig count tallied by Baker Hughes Inc. (BHI) once again packed a Permian punch on Friday as 13 rigs returned to the oil-rich West Texas and New Mexico play.
January 20, 2017
Six NatGas Rigs Return as Stampede to Oil-Rich Permian Continues
The U.S. natural gas rig count has been climbing and at 142 is well past its year-ago level of 127. But the oil-rich Permian Basin casts a long shadow and once again has put gas-directed drilling increases in the shade.
January 20, 2017
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.
December 30, 2016
U.S. Rig Count Ends Year Quietly as Canada Posts Seasonal Decline
During the last week of 2016, calm had settled over the U.S. energy patch and only a relative handful of rigs were stirring, according to the Baker Hughes Inc. rig count released Friday.
December 30, 2016
U.S. Gains Two NatGas, Three Oil Rigs Ahead of Holiday
The U.S. active rig count rose by five from a week earlier in the short holiday week ending Wednesday, with three rigs raised for oil and two for natural gas — all horizontals — bringing the domestic count to 593, Baker Hughes Inc. said. Canada lost 10 rigs for the week, and its total count stood at 174.
November 23, 2016
Offshore Leads Rig Gains as Market Tightening Forecast
The latest tally of rigs from Baker Hughes Inc. (BHI) showed offshore units making a comeback, gaining eight, while the land rig category added just three for a total gain of 11 rigs to 508 active in the United States. Meanwhile, analysts at Societe Generale see oil and natural gas markets tightening.
September 9, 2016
Permian Gains Most in Another Week of Rig Comebacks
The return of rigs to the oil patch continued for another week, and analysts following producers and drillers said “confidence” is coming back to the patch, too.
July 8, 2016
More Rigs Return, as Does ‘Confidence,’ Analysts Say
U.S. land-based rigs continued their march back to the oil patch, according to Friday’s Baker Hughes Inc. (BHI) rig count. The Permian Basin led gains among plays, adding four rigs; and Texas added the most rigs among states, three.
July 8, 2016
Recent U.S. Rig Recovery Halted, But Canada Jumps 10%
The recent rig count rally in the United States took at least a temporary pause, with the dismissal of seven oil rigs outweighing the addition of four natural gas rigs, according to the Baker Hughes Inc. (BHI) rig count for the week ending June 24.
June 24, 2016
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