Commodity prices are still far from where oil/natural gas producers would like them to be; however, things are apparently looking good enough to prompt a bounce in the recently bottomed count of active U.S. land rigs.
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Rig Recovery Seen, But Will Price Strengthening Stick?
The U.S. land rig count began heading in the other direction on Friday with the latest iteration of the Baker Hughes Inc. (BHI) weekly rig count. Texas saw the biggest gains, including in the dry gas Barnett Shale, which has been out of favor for a while.
June 17, 2016
Haynesville Nearing ‘Breakeven’ as Rigs Return
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
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
Five NatGas Rigs Leave as Nine U.S. Oil Rigs Return
Texas and Alaska had the most to gain from the bounce at the bottom of the long-running rig count decline as eight U.S. land-based drilling rigs returned to play during the week ending June 3, according to Baker Hughes Inc. (BHI). Natural gas rigs, however, missed the party.
June 3, 2016
U.S. Land Rig Count Sees Eight-Unit Bounce
Everyone knew they’d be back. Eight land-based drilling rigs returned to play during the week ending June 3, according to Baker Hughes Inc. (BHI).
June 3, 2016
Equipment Shortages, Job Losses to Dampen Swift U.S. Rig Recovery, According to Raymond James
A modest recovery in the U.S. rig count is expected in the last half of this year, but the damage done to the oilfield services sector will hamper a robust recovery, according to Raymond James & Associates Inc.
May 31, 2016
Rigs Return to Louisiana, Depart From Texas
The U.S. land rig count fell by a modest seven units in the latest tally by Baker Hughes Inc. (BHI). While Texas was hit with the departure of eight more rigs, seven actually returned to action in Louisiana.
May 20, 2016
Rig Decline Could Be Coming in For Landing
Only three U.S. land-based rigs left action in the latest tally, released by Baker Hughes Inc. on Friday. Five units actually returned to the Permian Basin; two returned to the Mississippian Lime, and long-suffering Texas saw its active rig census increase by three.
May 6, 2016
Rig Decline Could Be Coming in For Landing
Only three U.S. land-based rigs left action in the latest tally, released by Baker Hughes Inc. on Friday. Five units actually returned to the Permian Basin; two returned to the Mississippian Lime, and long-suffering Texas saw its active rig census increase by three.
May 6, 2016
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