The U.S. natural gas rig count rose one unit to 151 for the week ended Friday (May 27), while a drop in the Gulf of Mexico (GOM) count helped send the combined domestic tally one unit lower overall to 727, according to the latest numbers from Baker Hughes Co. (BKR). Total GOM rigs fell two…
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U.S. Drilling Activity Eases Lower on Drop in GOM Count, BKR Data Show
A decline in Gulf of Mexico (GOM) drilling activity helped ease the U.S. rig count one unit lower to 727 for the week ended Friday (May 27), updated figures from oilfield services provider Baker Hughes Co. (BKR) show. Total GOM rigs fell two units to 15 for the period, while land drilling increased by one…
May 27, 2022
Natural Gas Drilling Steady in U.S. as Texas Leads Surge in Oil Patch
The U.S. natural gas rig count climbed one unit to 150 for the week ended Friday (May 20), while Texas led a surge in oil drilling that lifted the combined U.S. tally 14 units higher to 728, according to the latest figures from Baker Hughes Co. (BKR). Alongside the one natural gas-directed rig, 13 oil-directed…
May 20, 2022
Big Surge in Texas Drilling Leads U.S. Upstream Oil and Gas Activity Higher
A big surge in oil-directed drilling, headlined by gains in the Permian Basin and Eagle Ford Shale, helped lift the U.S. rig count 14 units higher to 728 during the week ended Friday (May 20), according to the latest figures published by Baker Hughes Co. (BKR). Thirteen oil-directed rigs were added in the United States…
May 20, 2022
Calgary’s Headwater Riding Oil, Natural Gas Growth Wave, with Capital Jumping 59%
Headwater Exploration Inc. plans to boost its average daily output 33% by the end of this year, the Calgary-based independent said. “Our business continues to evolve with a very strong growth outlook for the foreseeable future,” management said in the earnings report for the first quarter. The producer reported 1Q2022 average output of 12,414 boe/d,…
May 20, 2022
Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise
The U.S. natural gas rig count rose three units to 149 for the week ended Friday (May 13), while rising numbers in the oil patch rounded out another week of healthy gains for domestic drilling activity, the latest numbers from Baker Hughes Co. (BKR) show. Six oil-directed rigs were added along with the three natural…
May 13, 2022
Both Oil, Gas Drilling Numbers Rise as Steady Ascent for U.S. Drilling Tally Continues
With gains spread across both natural gas- and oil-directed drilling, the U.S. rig count continued its upward climb during the week ended Friday (May 13), adding nine units to reach 714, according to the latest tally from Baker Hughes Co. (BKR). Six oil-directed rigs and three natural gas-directed rigs were added in the United States…
May 13, 2022
U.S. Drilling Totals Rise Amid Notable Bump in GOM Activity
Including expanded activity in the Gulf of Mexico (GOM), the U.S. rig count rose seven units to 705 for the week ended Friday (May 6), according to the latest tally from Baker Hughes Co. (BKR). Five oil-directed rigs and two natural gas-directed rigs were added in the United States for the week, putting the combined…
May 6, 2022
Natural Gas Drilling Steady in U.S. as Oil Activity Rises
The U.S. natural gas rig count held flat at 144 for the week ended Friday (April 29), while oil-directed drilling gains lifted the combined domestic tally three units to 698, according to updated figures from Baker Hughes Co. (BKR). Activity gains in the United States included net increases of two rigs on land and one…
April 29, 2022
Hess Giving ‘Serious Consideration’ to Adding Bakken Rig to Boost Oil Supply
U.S. independent Hess Corp. expects to add a fourth rig to its Bakken Shale activity by the end of this year, but the company continues to prioritize capital discipline. “As our portfolio becomes increasingly free cash flow positive in the coming years we commit to return up to 75% of our annual free cash flow…
April 28, 2022
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