Exploration And Production

Natural Gas Rigs Up Two in U.S. as GOM Activity Declines

Natural Gas Rigs Up Two in U.S. as GOM Activity Declines

The U.S. natural gas rig count climbed two units to 93 for the week ended Friday (April 9) as an uptick in land drilling offset a pullback in the Gulf of Mexico, according to data published by Baker Hughes Co. (BKR). U.S. oil-directed rigs remained unchanged overall at 337. The total U.S. rig count ended…

April 9, 2021
U.S. Adds Two Rigs Overall Amid Land Gains, Offshore Declines

U.S. Adds Two Rigs Overall Amid Land Gains, Offshore Declines

With gains on land offsetting a pullback in Gulf of Mexico activity, the U.S. rig count added two units to finish the week ended Friday (April 9) at 432, according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). Two natural gas-directed rigs were added during the week in the United…

April 9, 2021
Bonanza Creek Moderating DJ Well Completions to Optimize HighPoint Takeover

Bonanza Creek Moderating DJ Well Completions to Optimize HighPoint Takeover

With its takeover of fellow Colorado pure-play HighPoint Resources Corp. now complete, Bonanza Creek Energy Inc. is looking to optimize the combined well completions and midstream gathering needs, according to CEO Eric Greager. Bonanza Creek completed its merger with HighPoint on April 1. The closing allows the Denver-Julesburg (DJ) Basin operator to revamp the overall…

April 9, 2021
Industry Urges DOI to Preserve Federal Oil, Natural Gas Leasing as Haaland Calls for Overhaul

Industry Urges DOI to Preserve Federal Oil, Natural Gas Leasing as Haaland Calls for Overhaul

Leading U.S. oil and gas trade group American Petroleum Institute (API) on Thursday urged the Biden administration to fully reinstate leasing on federal property, warning of environmental and economic impacts under a long-term ban. Biden has paused via executive order (EO) the awarding of new leases amid a comprehensive review of the Interior Department (DOI)…

March 29, 2021
Argentina’s YPF Commits $1.5B to Neuquén in 2021, Aims to Up Gas Output by 70%

Argentina’s YPF Commits $1.5B to Neuquén in 2021, Aims to Up Gas Output by 70%

Argentina’s state oil company Yacimientos Petrolíferos Fiscales SA (YPF)  plans to spend $1.5 billion to boost oil and gas production this year in Neuquén province, home to the giant Vaca Muerta formation. YPF “has come out to announce its big effort to all Argentines, an investment that will translate into an important increase in oil…

March 22, 2021
Column: On Oil Nationalism Day, Mexico’s Goal of Energy Self-Sufficiency Remains Elusive

Column: On Oil Nationalism Day, Mexico’s Goal of Energy Self-Sufficiency Remains Elusive

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

March 19, 2021
Natural Gas Rig Count Unchanged in U.S. as Oil Patch Sees Small Decline

Natural Gas Rig Count Unchanged in U.S. as Oil Patch Sees Small Decline

The U.S. natural gas rig count remained unchanged at 92 for the week ending Friday (March 12), while a small decline in the oil patch sent the overall domestic tally slightly lower, according to updated data from oilfield services provider Baker Hughes Co. (BKR). Including a one-rig decline in oil-directed rigs, the overall U.S. rig…

March 12, 2021
U.S. Silica, Smart Sand Report Rising Demand for Proppant by E&P Customers

U.S. Silica, Smart Sand Report Rising Demand for Proppant by E&P Customers

Hydraulic fracturing operations slowed considerably across the Lower 48 last year as the pandemic slammed the oilpatch, but proppant operators are seeing signs of a turnaround as their customers begin completing wells. The management teams of U.S. Silica Holdings Inc. and Smart Sand Inc. recently held their fourth quarter conference calls, acknowledging the struggles through…

March 12, 2021
U.S. Rig Count Down One Amid Small Declines in Marcellus, Haynesville

U.S. Rig Count Down One Amid Small Declines in Marcellus, Haynesville

The U.S. rig count eased one unit lower to 402 for the week ending Friday (March 12) as increases in the Permian Basin and Utica Shale partially offset declines in the Marcellus and Haynesville shales, according to updated data from Baker Hughes Co. (BKR). The total number of domestic natural gas-directed rigs remained unchanged at…

March 12, 2021
Permian Again Leads as U.S. Rig Count Inches Higher

Permian Again Leads as U.S. Rig Count Inches Higher

The U.S. rig count climbed one unit to reach 403 for the week ending Friday (March 5) as gains in Texas offset a slowdown in North Dakota, according to the latest figures from Baker Hughes Co. (BKR). One oil-directed rig was added overall in the United States for the week, while the total number of…

March 5, 2021