Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
GOM Activity Shows Modest Recovery, but U.S. Natural Gas Rig Count Eases Lower

GOM Activity Shows Modest Recovery, but U.S. Natural Gas Rig Count Eases Lower

The U.S. natural gas rig count slid one unit to 101 for the week ended Friday (Sept. 10), while a partial post-Ida recovery in the Gulf of Mexico (GOM) helped lift the overall domestic drilling tally six units to 503, the latest figures from oilfield services provider Baker Hughes Co. (BKR) show. Offsetting the one-rig…

September 10, 2021
Lower 48 Permitting Stunted Overall in August, with Declines in New Mexico, Texas and Wyoming

Lower 48 Permitting Stunted Overall in August, with Declines in New Mexico, Texas and Wyoming

U.S. drilling permit activity slumped across the major Lower 48 basins in August, up sharply from a year ago but down from 2019 levels, according to Evercore ISI. The Evercore team led by analyst James West compiles a monthly report about drilling activity using state and federal data. Permits are usually requested by producers three…

September 8, 2021
Five U.S. Natural Gas Rigs Added; GOM Count Flatlines in Ida’s Wake

Five U.S. Natural Gas Rigs Added; GOM Count Flatlines in Ida’s Wake

The U.S. natural gas rig count rose five units to 102 during the week ended Friday (Sept. 3), while Hurricane Ida dropped the drilling tally in the Gulf of Mexico (GOM) to zero, according to the latest figures from Baker Hughes Co. (BKR). The overall U.S. rig count plummeted 11 units to 497 for the…

September 3, 2021
Critics Say Biden ‘Slow Walks’ Compliance with Court Order to Resume Federal Oil, Natural Gas Lease Sales

Critics Say Biden ‘Slow Walks’ Compliance with Court Order to Resume Federal Oil, Natural Gas Lease Sales

The U.S. government confirmed in a court filing it would resume federal oil and gas lease sales — and established a timeline — to comply with a ruling that called for an end to the Biden administration’s moratorium. Critics, however, noted that Biden administration officials intend to stretch the process out over several months as…

August 25, 2021
U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises

U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises

The U.S. natural gas rig count fell five units to finish at 97 for the week ended Friday (Aug. 20), but a surge in oil-directed drilling drove an overall net gain in domestic drilling activity, according to the latest figures from Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for…

August 20, 2021
Lower 48 Natural Gas, Oil Predicted to Climb in September, Says EIA

Lower 48 Natural Gas, Oil Predicted to Climb in September, Says EIA

Natural gas and oil production is predicted to increase in September month/month in the seven key producing regions of the Lower 48, according to the Energy Information Administration (EIA).  The EIA’s monthly Drilling Productivity Report (DPR), issued on Monday, highlights forecast activity in the Anadarko, Appalachia and Permian basins, Bakken, Eagle Ford and Haynesville shales,…

August 16, 2021
API, Energy Trade Groups Sue to End Oil and Gas Leasing Pause on Federal Lands, Waters

API, Energy Trade Groups Sue to End Oil and Gas Leasing Pause on Federal Lands, Waters

A consortium of oil and gas industry groups said Monday they had sued the U.S. Department of the Interior (DOI) to reverse its decision this year to indefinitely freeze oil and natural gas leasing on federal lands and waters. In the lawsuit filed in the U.S. District Court for the Western District of Louisiana, the…

August 16, 2021
U.S. Natural Gas Rig Count Down One as Oil Count Surges

U.S. Natural Gas Rig Count Down One as Oil Count Surges

The U.S. natural gas rig count dropped one unit to 102 for the week ended Friday (Aug. 13), while a surge in the oil patch drove a sharp increase in the combined domestic drilling tally, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for…

August 13, 2021
CNRL Continues Montney Development, Eyes Big Emissions Cuts

CNRL Continues Montney Development, Eyes Big Emissions Cuts

After achieving profits that more than replaced losses incurred in the economic shock inflicted by the Covid-19 virus pandemic, Canadian Natural Resources Ltd. (CNRL) has announced a C$275 million ($220 million) budget increase for this year. The corporate budget increase by 8.5% to C$3.48 billion ($2.78 billion) has a green tinge. Around C$45 million ($36…

August 9, 2021