Gulf Rig Count Continues Decline, But Rotary Rigs Unchanged

For the ninth consecutive week, the mobile offshore rig count declined in the Gulf of Mexico last week, as two more rigs were idled, according to Houston-based ODS-Petrodata Group. However, the total number of rotary rigs operating in the United States and offshore remained unchanged at 1,141, up from 1,045 for the same period a year ago, according to Baker Hughes Inc.

October 15, 2001

A Cornucopia Of Bearish Trends Elongate Losses

Nearly all of the market points in NGI’s price survey declinedfor the second day in a row Monday amid mild weather, a fallingfutures screen and the return of some nuclear power stations. Whilepoints in the Northeast felt the sharpest declines ranging from adime to 20 cents, Chicago managed to fight off most of the bearishsentiment and registered a small drop of 2 cents.

November 2, 1999

Statoil Hedging for Producers, End-Users

Resistance to hedging has declined significantly amongindependent producers. But now that they’re hedging, some companiesare doing the wrong thing at the wrong time, according toexecutives at Statoil Energy.

July 14, 1999

EIA Reports 26% Rise In Gas Discoveries in ’97

While gas reserves in the lower-48 states declined slightly lastyear (down 519 Bcf, or 0.3%), gas discoveries shot up 27% “from avery good 1996,” to the highest level in the past decade, theEnergy Information Administration said in an advance summary of astudy titled “U.S. Crude Oil, Natural Gas, and Natural Gas LiquidsReserves 1997 Annual Report.”

September 14, 1998
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