Drilling

Haynesville Down Four Rigs in Latest Baker Tally as Natural Gas Count Drops

Haynesville Down Four Rigs in Latest Baker Tally as Natural Gas Count Drops

The U.S. natural gas patch dropped four rigs for the week ended Friday (March 22), including a notable reduction in drilling numbers for the gassy Haynesville Shale, according to the latest figures from Baker Hughes Co. (BKR). The United States ended the period with 112 active natural gas-directed rigs, down from 162 in the year-earlier…

March 22, 2024
U.S. Natural Gas Drilling Total Off One to 120; Oil Count Climbs

U.S. Natural Gas Drilling Total Off One to 120; Oil Count Climbs

Natural gas-directed drilling activity held steady in the United States for the week ended Friday (Feb. 23) at 120 rigs, down one week/week, while an uptick in oil drilling lifted the combined domestic tally five units to 626, updated Baker Hughes Co. (BKR) data show. Total domestic natural gas rigs ended the period down 31…

February 23, 2024
Canada Natural Gas Activity Strengthening Ahead of LNG, Pipe Start-Ups, Says Precision CEO

Canada Natural Gas Activity Strengthening Ahead of LNG, Pipe Start-Ups, Says Precision CEO

Canadian energy market fundamentals are improving enough to support a “sustained period of elevated natural gas drilling,” particularly in the Western Canadian Sedimentary Basin, Precision Drilling Corp.’s chief said. While Lower 48 demand for drilling services by exploration and production (E&P) customers remains muddled, the picture is much clearer in Canada for the Calgary-based oilfield…

February 12, 2024
U.S. E&Ps Setting Cautious Course on Uncertain Natural Gas, Oil Prices

U.S. E&Ps Setting Cautious Course on Uncertain Natural Gas, Oil Prices

Natural gas and oil executives are likely to “prudently navigate” through turbulent commodity prices this year before sailing into smoother seas heading into 2025, according to industry analysts. Exploration and production (E&P) companies in their quarterly conference calls, which are already underway, should be “guiding conservatively” in 2024, “particularly on the natural gas side,” Tudor,…

January 30, 2024
U.S. Natural Gas Rig Totals Steady in Updated BKR Count; Oil Tally Eases Lower

U.S. Natural Gas Rig Totals Steady in Updated BKR Count; Oil Tally Eases Lower

Natural gas drilling activity held steady for the week ended last Friday (Nov. 10), while an easing oil count saw rigs slide overall in the United States for the period, according to recently updated figures published by Baker Hughes Co. (BKR). Total domestic natural gas rigs ended the week at 118, unchanged from a week…

November 13, 2023
Precision Drilling Forecasting Stronger North American Natural Gas, Oil Activity in ‘24

Precision Drilling Forecasting Stronger North American Natural Gas, Oil Activity in ‘24

Calgary-based Precision Drilling Corp., whose oilfield expertise is concentrated in North America, is anticipating “a sustained period of elevated natural gas drilling activity” in advance of the sooner-than-later wave of LNG export facilities, both in Canada and the Lower 48. CEO Kevin Neveu discussed the third results and the forecast for the year ahead during…

October 30, 2023
North American Oil, Natural Gas Activity Static, but Look for Improvements in 2024, Says NOV CEO

North American Oil, Natural Gas Activity Static, but Look for Improvements in 2024, Says NOV CEO

Oil and natural gas activity in the global offshore and on international land carried Houston-based NOV Inc. during the third quarter, as the North American onshore market retreated, CEO Clay Williams said Friday. During a conference call to discuss quarterly results, Williams said the oilfield technology specialist improved revenues and margins on the backs of…

October 30, 2023
Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

As U.S. LNG exporters race to be the next project built on the Gulf Coast, natural gas demand is forecast to soar through the decade, causing near-term supply and infrastructure constraints throughout the market. Speaking at the Gulf Coast Energy Forum in New Orleans, RBN Energy LLC’s David Braziel, director of fundamental analysis, said the…

October 16, 2023
U.S. Natural Gas Drilling Increases Modestly as Oil Declines, BKR Data Show

U.S. Natural Gas Drilling Increases Modestly as Oil Declines, BKR Data Show

The U.S. natural gas rig count climbed two units to 118 for the week ending Friday (Oct. 6), while a pullback in oil-directed drilling lowered total domestic rigs by four to 619, according to the latest tally from Baker Hughes Co. (BKR). The U.S. oil rig count fell by five to 497 for the period,…

October 6, 2023
Futures React to Eight-Rig Surge in U.S. Natural Gas Drilling

Futures React to Eight-Rig Surge in U.S. Natural Gas Drilling

The U.S. natural gas rig count surged eight units higher to reach 121 for the week ended Friday (Sept. 15) in the latest Baker Hughes Co. (BKR) data, prompting an immediate dip in New York Mercantile Exchange (Nymex) futures amid ongoing concerns over ample production levels. The October Nymex contract dropped from just above $2.670/MMBtu…

September 15, 2023
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