Exploration And Production

The Interstate Oil and Gas Compact Commission (IOGCC) recently released its latest counts of documented idle and orphan oil and gas wells in the United States and Canada. “Many idle wells have potential for future oil or gas production or associated uses,” stated IOGCC. “If not properly monitored and maintained, however, they may pose a…

The U.S. natural gas rig count climbed four units to 113 for the week ended Friday (Jan. 21), while domestic oil drilling saw a small decline for the period, according to updated figures from Baker Hughes Co. (BKR). Including a one-rig decline in oil-directed drilling, the combined U.S. count finished the week at 604, 226…

An uptick in natural gas-directed drilling activity, including in the Marcellus and Haynesville shales, lifted the combined U.S. rig count three units overall to 604 for the week ended Friday (Jan. 21), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). A four-rig increase in natural gas-directed drilling offset a one-rig…

The U.S. natural gas rig count climbed two units to 109 for the week ended Friday (Jan. 14), while big gains in Texas sent the overall domestic drilling tally higher by double digits, according to updated figures published by Baker Hughes Co. (BKR). Including a net gain of 11 oil-directed rigs, the combined domestic rig…

On the strength of sharp gains in the Eagle Ford and Haynesville shales, the U.S. rig count surged 13 units higher to 601 for the week ended Friday (Jan. 14), according to the latest numbers from Baker Hughes Co. (BKR). Net gains in the United States included 11 oil-directed rigs and two natural gas-directed rigs,…

Texas’ oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties in Fiscal Year (FY) 2021, with school districts and counties in the Permian Basin and Eagle Ford Shale the top beneficiaries, according to the Texas Oil and Gas Association (TXOGA). “Despite an incredibly difficult two years, the Texas…

The transition to lower carbon-emitting fuel resources may give Latin America a new economic edge, according to energy expert Daniel Yergin. In a conversation with NGI earlier this month, the vice chairman of IHS Markit and chair of CERAWeek said Latin America may see its fortunes rise as “enormous” amounts of copper and other earth…

Higher natural gas prices were a positive for natural gas producers in the Appalachian Basin in 2021, but ongoing “uncertainties” threaten the industry’s long-term growth prospects.

A coalition of major oil producing countries agreed on Tuesday to further boost output to meet expectations for strong demand, despite concerns about the rapidly spreading Omicron variant of the coronavirus. Policymakers from the Organization of the Petroleum Exporting Countries (OPEC), headed by Saudi Arabia, and a Russia-led group of allies known as OPEC-plus, said…