Exploration And Production

A small uptick in Haynesville Shale activity marked a week of minor adjustments in the U.S. oil and gas patch, with the overall domestic rig count holding flat at 663 for the period ended Friday (March 18), according to updated figures from Baker Hughes Co. (BKR). Increases of two natural gas-directed rigs and one miscellaneous…

German power supplier E.ON SE has indicated its minority stake in one of Europe’s vital routes for Russian natural gas is at risk, but for now, it has no plans to divest. The utility holds a 15.5% stake in Nord Stream AG, a subsidiary of Russian state-owned Gazprom PJSC, which  operates Nord Stream 1 (NS1).…

Led by incremental growth in the Appalachian Basin, major Lower 48 drilling regions are set to raise natural gas output by more than 500,000 MMcf/d in April, according to updated modeling from the Energy Information Administration (EIA). Total natural gas production from seven key U.S. regions will grow by 594 MMcf/d month/month to reach an…

The U.S. natural gas rig count climbed five units to 135 for the week ended Friday (March 11), while big gains in Texas drove a double-digit increase in the overall domestic tally, according to the latest data from Baker Hughes Co. (BKR). Including the natural gas drilling gains and an eight-rig increase in oil-directed drilling,…

A big drilling activity increase in Texas, and in the Permian Basin in particular, sent the U.S. rig count soaring 13 units higher to 663 for the week ended Friday (March 11), according to updated numbers from Baker Hughes Co. (BKR). Increases of eight oil-directed rigs and five natural gas-directed rigs saw the United States…

The United States must boost production and exports of oil and natural gas in order to reduce Russia’s leverage in the global energy markets while continuing to pursue decarbonization, Sen. Joe Manchin (D-WV) said Thursday. Manchin, who chairs the Senate Committee on Energy and Natural Resources, oversaw a committee hearing on “the use of energy…

Rising production and commodity prices made an early 2000s prediction come true last year by the founders of Canadian Natural Resources Ltd. that building Alberta oilsands plants would give the company “a wall of cash.” The Calgary-based independent reported solid results in the fourth quarter and for 2021. The producer reports in Canadian dollars (C$1.00-US…

The U.S. natural gas rig count climbed three units to reach 130 for the week ended Friday (March 4), while declining activity in the oil patch left the overall domestic drilling tally unchanged, updated figures from Baker Hughes Co. (BKR) show. The gain of three natural gas-directed rigs was offset by a decline of three…

Amid some shuffling in rig numbers by type and basin, the overall U.S. drilling count went unchanged at 650 during the week ended Friday (March 4), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). A gain of three natural gas-directed rigs offset a decline of three oil-directed rigs for the…