Drilling

Schlumberger Sees International Activity Leading Post-Covid Recovery, while North America Growth Moderates

Schlumberger Sees International Activity Leading Post-Covid Recovery, while North America Growth Moderates

The head of oilfield services (OFS) giant Schlumberger Ltd. said the company is “seizing the beginning of the upcycle,” with international activity expected to lead growth — and North America set to moderate — in the continued recovery from Covid-19. On the 2Q2021 earnings call with investors Friday, CEO Olivier Le Peuch said that while…

July 24, 2021
Natural Gas Rig Count Unchanged as Oil Activity Surges

Natural Gas Rig Count Unchanged as Oil Activity Surges

The U.S. natural gas rig count held steady at 104 during the week ended Friday (July 23), while a ramp-up in oil drilling drove the combined domestic tally seven units higher to 491, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). All seven rigs added domestically for the week went…

July 23, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
Oil, Natural Gas Rig Tallies Rise as Baker’s U.S. Count Climbs to 484

Oil, Natural Gas Rig Tallies Rise as Baker’s U.S. Count Climbs to 484

Amid a ramp-up in both oil- and natural gas-directed drilling, the United States added five rigs to raise its tally to 484 during the week ended Friday (July 16), according to the latest count from Baker Hughes Co. (BKR). Three natural gas-directed rigs and two oil-directed rigs were added domestically during the week. The U.S.…

July 16, 2021
Domestic Oil, Gas Permitting Sputters in June, but Sharply Higher from Pandemic-Ridden 2020

Domestic Oil, Gas Permitting Sputters in June, but Sharply Higher from Pandemic-Ridden 2020

U.S. oil and gas drilling permitting has risen sharply from a year ago, but the gains are uneven, with the Denver-Julesburg (DJ) and Powder River basins drying up, while Haynesville Shale activity has increased, according to data compiled by Evercore ISI. The domestic permit count climbed by 32% in June from a year earlier, and…

July 13, 2021
Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…

June 11, 2021
Texas and California Oil, Gas Permitting Turns South in May

Texas and California Oil, Gas Permitting Turns South in May

The U.S. drilling permit count reversed by 23% in May month/month and was down 3% from a year ago, Evercore ISI said in its latest summary of nationwide data. The energy analyst firm each month compiles oil and gas permitting figures using state and federal data.  April permitting had bounced up by double digits from…

June 10, 2021
USFWS Seeking Enhanced Protections for Lesser Prairie-Chicken, which Calls Lower 48 Oil Patch Home

USFWS Seeking Enhanced Protections for Lesser Prairie-Chicken, which Calls Lower 48 Oil Patch Home

The U.S. Fish and Wildlife Service (USFWS) is seeking additional protections for the lesser prairie-chicken, a ground-foraging grouse that inhabits large swaths of the Lower 48 oil patch and whose numbers are dwindling. Through a draft rule published Tuesday (June 1), USFWS is proposing to list two distinct population segments (DPS) of the lesser prairie-chicken…

June 1, 2021
Natural Gas Drilling Activity Down, Oil Up as Five Rigs Added in U.S.

Natural Gas Drilling Activity Down, Oil Up as Five Rigs Added in U.S.

Despite a pullback in the natural gas patch, gains in oil-directed drilling lifted the U.S. rig count five units higher to 453 for the week ended Friday (May 14), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for the week, which was…

May 14, 2021
‘Substantial’ Boost to Patterson-UTI U.S. Rig Count Said Likely in June and July

‘Substantial’ Boost to Patterson-UTI U.S. Rig Count Said Likely in June and July

U.S. contract driller Patterson-UTI Energy Inc. expects to see a “substantial” boost to the oil and gas rig count in June and July, CEO Andy Hendricks said Thursday. Hendricks, during a conference call to discuss first quarter performance and the outlook, said confidence is improving that 2021 will be a solid year for business in…

April 30, 2021
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