Drilling

The U.S. natural gas rig count dropped one unit to 156 for the week ended Friday (Oct. 28), while a two-rig decline in oil drilling saw the combined domestic tally fall three units to 768, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the week included a…

Oilfield services companies are seeing a steady uptick in upstream activity and revenue across Latin America, both offshore and on land. “Internationally, growth continues to be led by Latin America, West Africa, and the Middle East,” said Baker Hughes Co. CEO Lorenzo Simonelli during the firm’s third-quarter earnings call. “In all of these markets, offshore…

The U.S. natural gas rig count was unchanged at 157 for the week ended Friday (Oct. 21), while oil-directed activity gains helped raise the combined domestic tally two units to 771, according to updated figures from Baker Hughes Co. (BKR). Net changes domestically included a two-rig increase in oil-directed drilling. Total land rigs increased by…

Bolstered by activity gains in the Denver Julesburg (DJ)-Niobrara Basin, the U.S. rig count rose two units to reach 771 for the week ended Friday (Oct. 21), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically included a two-rig increase in oil-directed drilling, with natural gas-directed drilling unchanged…

Tulsa-based drilling technology expert Helmerich & Payne Inc. (H&P) is facing some inflationary pressures, but it still plans to reactivate up to 16 rigs by the end of March, CEO John Lindsay said. In a preview of fiscal 4Q2022 and full-year results, which are scheduled for Nov. 17, Lindsay offered a positive outlook for more…

Driven by gains in the oil patch, the U.S. rig count jumped seven units higher to 769 for the week ended Friday (Oct. 14), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Changes domestically included an eight-rig increase in oil-directed rigs, partially offset by a one-rig decline in natural gas-directed…

Oil and natural gas permitting climbed in September from August by 26% and rose nearly 60% from a year ago, ending the third quarter on a positive note, according to Evercore ISI. Analysts said there were 809 more requests to drill in September month/month (m/m). The Permian Basin led the way, rebounding by 47% from…

California Gov. Gavin Newsom late last week signed into law Senate Bill (SB) 1137, increasing the minimum distance required between oil and gas operations and public and private property.  Beginning in 2023, oil and gas operators in California will not see requests to drill within 3,200 feet of a home, school, park, hospital or business…

The U.S. natural gas rig count fell four units to 162 for the week ended Friday (Sept. 16), while an eight-rig increase in oil-directed drilling lifted the combined domestic tally four units higher to 763, according to updated figures from Baker Hughes Co. (BKR). The 763 active U.S. rigs as of Friday compares with 512…