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U.S. NatGas Rigs Return, But Oil Still Favored

U.S. NatGas Rigs Return, But Oil Still Favored

Six natural gas rigs returned to U.S. activity during the week just passed, and 14 oil rigs joined the hunt, according to Baker Hughes Inc. Meanwhile, Canadian rigs are getting out of the patch for spring breakup.

March 17, 2017

Rig Count Continues to Plummet in North Dakota; Headed Below 30

The rig count keeps going down in North Dakota, and it is going to get lower and stay down longer than previously thought, according to comments Friday by the state’s oil/gas regulator.

March 11, 2016
U.S. Rigs Drop Again; Canada’s Spring Break-Up Continues

U.S. Rigs Drop Again; Canada’s Spring Break-Up Continues

The U.S. land rig count continued working lower in the latest tally from Baker Hughes Inc., released on Friday. It’s on its way to a trough of 375-400, according to one firm tracking the action.

March 11, 2016
Horizontals Lead Another Week of U.S. Rig Declines

Horizontals Lead Another Week of U.S. Rig Declines

The U.S. land rig count dropped by another 13 units for the week ending March 11 when there was an exodus of horizontal rigs that saw Texas leading declines among the states.

March 11, 2016
Warburg-Backed Antero Files $1B IPO

Warburg-Backed Antero Files $1B IPO

Privately held Antero Resources Corp., which has all of its chips in the Appalachian Basin, plans to raise $1 billion through an initial public offering (IPO) of some of its stock on the New York Stock Exchange, it said in a filing with the Securities and Exchange Commission (SEC). The operator also has increased capital spending plans for the year.

June 17, 2013
Production Records Broken Again in North Dakota

Production Records Broken Again in North Dakota

Three storms in March failed to deter oil and natural gas operations in North Dakota, which set new all-time highs for the month, according to the latest statistics from the state Department of Mineral Resources (DMR).

May 16, 2013

Chesapeake Jettisons More Assets, Raises Guidance

Chesapeake Energy Corp., which has dropped rigs and deferred most of its dry natural gas drilling for the year, said last week that stronger-than-anticipated output from the Marcellus Shale should lift gas output higher in 2013 than it was two years ago.

May 6, 2013

Chesapeake Raises NatGas Production Guidance

Chesapeake Energy Corp., which has dropped rigs and deferred most of its dry natural gas drilling for the year, said Wednesday that stronger-than-anticipated output from the Marcellus Shale should lift output higher in 2013 than it was two years ago.

May 2, 2013

EIA: Gas for Power Drops in February

Driven by a sharp increase in natural gas prices, gas for electric generation dropped all over the nation, except in Florida, on a month-over-month basis in February compared to February 2012, according to the latest Electricity Monthly report from the Energy Information Administration (EIA), which was released Monday.

April 24, 2013

Magnum Hunter Drilling First Utica Target

Magnum Hunter Resources Corp. said Friday it has dropped a drillbit into its first Utica Shale horizontal target in Ohio’s northern Washington County.

April 15, 2013
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