Continued retrenchment in domestic drilling activity saw the U.S. natural gas rig count fall four units to 137 for the week ended Friday (May 26), the latest numbers from Baker Hughes Co. (BKR) show. A decline of five oil-directed rigs saw the combined U.S. rig count drop to 711, down nine week/week and off 16…
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U.S. Rig Total Walloped Once Again, This Time With Oil Count Down Double Digits
The U.S. rig count posted a second straight double-digit decline during the week ended Friday (May 19), this time with losses hitting the oil patch, the latest figures from Baker Hughes Co. (BKR) show. U.S. operators shelved 11 rigs — all oil-directed — for the period, dropping the domestic tally to 720, lagging the year-earlier…
Permian Slowdown Sends U.S. Drilling Total Tumbling, BKR Data Show
U.S. drillers dropped seven rigs overall during the week ended Friday (May 5), with cuts focused in Texas and the Permian Basin in particular, the latest numbers from Baker Hughes Co. (BKR) showed. Declines of four natural gas-directed rigs and three oil-directed rigs saw the combined domestic tally finish the period at 748, versus 705…
Ohio’s Natural Gas, Oil Property Taxes Lifting State Coffers
Natural gas and oil operations in eight Ohio counties alone provided $364 million in property taxes between 2010 and 2021, with taxes in 2020 and 2021 reaching record highs. Ohio’s top ranking counties for property tax generation in 2021, the most recent year for data, were Belmont ($17.26 million), Jefferson ($11.19 million) and Monroe ($10.63…
Two Natural Gas Rigs Added in U.S. as Oil Count Steady, Baker Hughes Data Show
The U.S. natural gas rig count climbed two units to 161 for the week ended Friday (April 28), while a mix of regional activity changes left the domestic oil drilling count unchanged at 591, according to the latest figures from Baker Hughes Co. (BKR). The combined domestic rig count ended the period two units higher…
U.S. Adds Two Natural Gas, Three Oil Rigs in Updated BKR Count
The U.S. natural gas rig count climbed two units to finish at 159 for the week ended Friday (April 21), while gains in the oil patch saw the combined domestic drilling tally rise five units to 753, according to the latest numbers from Baker Hughes Co. (BKR). Land drilling increased by five rigs domestically, with…
Permian, Powder River, Eagle Ford Drive Sharp Gains in Lower 48 Natural Gas, Oil Permitting
Lower 48 oil and gas permitting activity surged in March, driven by plays including the Permian and Powder River basins, and the Eagle Ford Shale. Regulators issued 4,439 onshore drilling permits during March, up 52% month/month and 35% year/year, according to the latest tally by Evercore ISI. The natural gas-rich Utica Shale was the only…
BLM’s Proposed Land Management Shift to Add Conservation Leasing
The Bureau of Land Management (BLM) is proposing to change how public lands are managed to put conservation on equal footing as other uses, including oil and natural gas extraction. The BLM plan for conservation leasing would entail a time-limited lease of public land that allows interested organizations to conduct specific restoration or mitigation activities.…
U.S. Drilling Total Down Three Amid Declines in Both Oil, Natural Gas Activity
A slowdown in both oil and natural gas drilling saw the U.S. rig count fall three units to finish at 755 for the week ended Friday (March 31), according to updated figures published by Baker Hughes Co. (BKR). Domestic declines for the week included two natural gas-directed rigs and one oil-directed rig. All of the…
Natural Gas Drilling Flat in U.S., but Oil Count Sees Modest Recovery
The U.S. natural gas rig count was unchanged at 162 rigs for the week ended Friday (March 24), while a modest rebound in oil activity lifted the combined domestic tally four units to 758, according to the latest numbers from Baker Hughes Co. (BKR). Total U.S. oil rigs were up four to finish the period…