A few more U.S. land-based rigs trickled back to the energy patch during the week ending Aug. 5, according to Baker Hughes Inc. The gain of three rigs on land was tempered by the loss of two in the offshore for a net U.S. gain of one unit. Oil rigs ascended, while natural gas-focused units declined.
Cowen
Articles from Cowen
NatGas Rigs Depart as Oil Units Return
A few more U.S. land-based rigs trickled back to the energy patch during the week ending Aug. 5, according to Baker Hughes Inc. The gain of three rigs on land was tempered by the loss of two in the offshore for a net U.S. gain of one unit. Oil rigs ascended, while natural gas-focused units declined.
August 5, 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
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