Exploration And Production

A small uptick in oil-directed drilling lifted the U.S. rig count two units higher to 752 for the week ended Friday (July 8), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Oil-directed drilling rose by two units to 597 in the United States week/week, while natural gas-directed rigs were unchanged…

A coalition of some of the nation’s largest natural gas producers has received independent validation for its methane intensity program.  Our Nation’s Energy Future, better known as ONE Future, consists of companies that work in 16 of the nation’s 38 production basins. Collectively, ONE Future members account for 19% of U.S. natural gas production, 56%…

High oil and natural gas prices prompted the Alberta Energy Regulator (AER) to more than double, to C$4.2 billion ($3.36 billion), its order to producers to close and safely seal inactive wells over the next five years. “These increases ensure closure activity is prioritized by companies developing energy in Alberta,” said AER President Laurie Pushor.…

New Fortress Energy Inc. (NFE) is targeting first natural gas production from the Lakach deepwater field offshore Mexico by the end of 2023, according to CEO Wes Edens. NFE management held a conference call on Thursday to update investors on a series of commercial agreements reached with Mexico’s state-owned energy giants, Petróleos Mexicanos (Pemex) and…

A decline in natural gas-directed drilling saw the U.S. rig count fall three units to 750 for the week ended Friday (July 1), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). One oil-directed rig was added domestically for the week, while natural gas-directed rigs declined by four. The combined 750…

PDC Energy Inc. has gained approval by Colorado regulators for a 30-well oil and natural gas development program in Weld County. The Colorado Oil and Gas Conservation Commission (COGCC) approved the Broe Oil and Gas Development Plan (OGDP), PDC said Wednesday. The Denver-based producer acquired the Broe OGDP in Weld County during May, when it…

Oil production by non-state operators in Mexico has surpassed 100,000 b/d for the first time since the 2013-2014 constitutional energy reform ended the upstream monopoly held by state oil company Petróleos Mexicanos (Pemex). Private operators produced 101,044 b/d in May, up from 65,238 b/d in the same month a year ago, data from upstream regulator…

The U.S. natural gas rig count added three units to reach 157 for the week ended Friday (June 24), while a surge in oil-directed drilling lifted the combined domestic count 13 units higher to 753, the latest numbers from Baker Hughes Co. (BKR) show. Along with the three natural gas-directed rigs, domestic drilling gains for…

The U.S. natural gas rig count rose three units to finish at 154 for the week ended Friday (June 17), while another round of oil drilling gains helped push the combined domestic tally seven units higher to 740, updated numbers from Baker Hughes Co. (BKR) show. Four oil-directed rigs were added alongside the three natural…