Drilling

The U.S. natural gas rig count rose one unit to 156 for the week ended Friday (Dec. 30), while the loss of one rig in the oil patch left the combined domestic tally unchanged at 779, according to updated figures from Baker Hughes Co. (BKR). Drilling totals on land and in the Gulf of Mexico…

Amid a number of smaller regional adjustments in drilling activity, the U.S. rig count held steady overall at 779 for the week ended Friday (Dec. 30), according to the latest figures from Baker Hughes Co. (BKR). A net decline of one oil-directed rig in the United States week/week was offset by the addition of one…

The U.S. rig count climbed three units to 779 for the period ended Dec. 22, bolstered by gains in the Permian Basin, according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). Two oil-directed rigs and one natural gas-directed rig were added in the United States for the period. Land drilling accounted…

The U.S. natural gas rig count fell two units to 153 for the week ended Friday (Dec. 9), and a two-rig drop in oil activity lowered the overall domestic tally four units to 780, according to updated numbers from Baker Hughes Co. (BKR). Land drilling declined by three rigs in the United States for the…

With oil and natural gas development rising, Tulsa-based driller Helmerich & Payne Inc. (H&P) is on course to achieve the best economic returns in eight years, CEO John Lindsay said recently.  “We are beginning to recognize economic returns at levels that we have not experienced since 2014,” Lindsay said during the fiscal fourth quarter quarter…

North Dakota reported record high natural gas production of 3.18 Bcf/d in September, up 2.8% from August, according to the latest data from the state’s Department of Mineral Resources (DMR). Producers captured and marketed 3.02 Bcf/d or 95% of the total, another all-time record amid efforts to curb routine gas flaring, said DMR’s Lynn Helms,…

Driven by strong growth in the Permian Basin and in the Gulf of Mexico (GOM), the U.S. rig count surged nine units higher to 779 for the week ended Nov. 11, oilfield services provider Baker Hughes Co. (BKR) reported Friday. Oil-directed drilling accounted for the entirety of the domestic gains for the period, as the…

Haynesville Shale pure-play Comstock Resources Inc. scored in the third quarter, lifted by strong natural gas prices and by selling 15% of output directly to LNG shippers on the Gulf Coast. The Frisco, TX-based independent gained leverage with 70% of its natural gas sold in “high value” Gulf Coast markets, including the liquefied natural gas…

Marathon Oil Corp. has entered a deal to acquire the natural gas and condensate-weighted Eagle Ford Shale assets of Ensign Natural Resources for $3 billion in cash. The assets span 130,000 net acres in South Texas’ Live Oak, Bee, Karnes and Dewitt counties across the condensate, wet gas and dry gas phase windows of the…