Increase

Helmerich & Payne Raises Capex on Customer Call for Upgraded Rigs

Helmerich & Payne Raises Capex on Customer Call for Upgraded Rigs

U.S. land rig margins increased on average by more than $800/day for Helmerich & Payne Inc. (H&P) during the fiscal third quarter on increased utilization and demand for super-specification rigs.

July 27, 2017

U.S. Sees Sharp Natural Gas, Oil Drilling Increase in 2Q2017, Says API

The American Petroleum Institute (API) reported this week that the estimated total number of oil and natural gas wells drilled and completed during the second quarter increased 62% from the year-ago quarter.

July 13, 2017

EIA Reports Crude Oil Exports Trending Higher This Year

Crude oil exports have inched upward this year, reaching the highest monthly level on record of 1.1 million b/d in February, the Energy Information Administration (EIA) said Tuesday.

June 28, 2017

Dallas Fed Reports Rising Oil, Natural Gas Activity, But Slowdown from First Quarter

Oil and natural gas activity in Texas, northern Louisiana and southern New Mexico increased during the second quarter, albeit at a slightly slower pace than early this year, according to the latest energy survey by the Dallas branch of the Federal Reserve Bank (Fed).

June 28, 2017

Jobs ‘Gone to Texas’ Once Again on Renewed Optimism in Oil, Natural Gas Patch

A rising rig count and increased oil and gas spending are again spurring Texas employment, with the energy sector leading job growth in the state during May.

June 16, 2017
Stronger North Dakota Oil, NatGas Production Stats Spur ‘Happy Talk’

Stronger North Dakota Oil, NatGas Production Stats Spur ‘Happy Talk’

North Dakota’s chief energy regulator on Tuesday called the latest oil and natural gas production numbers “happy, happy, happy,” despite continuing low commodity prices.

June 14, 2017
July Natural Gas, Oil Output to Edge Higher in Lower 48’s Big Seven Plays, EIA Says

July Natural Gas, Oil Output to Edge Higher in Lower 48’s Big Seven Plays, EIA Says

Natural gas and oil production out of the nation’s seven most prolific unconventional plays is expected to continue its relentless push higher in July, according to data from the Energy Information Administration (EIA).

June 12, 2017

NatGas, Coal Are Silver Lining As West Virginia Wades Through Budget Impasse

In the midst of a historic budget impasse, West Virginia’s severance tax collections have again provided a glimmer of light, as higher natural gas prices and more coal sales in May helped push state revenue 20% above projections to $350.4 million.

June 7, 2017

Enable Launches Anadarko Basin NatGas Project; Gathered Volumes Rose During Q1

Enable Midstream Partners LP on Wednesday announced a new Anadarko Basin rich gas takeaway project called Project Wildcat.

May 4, 2017

BHP Raising Rigs in Haynesville, Putting Fayetteville Back on Market

BHP Billiton Ltd. on Wednesday detailed a sweeping plan to accelerate some U.S. activity onshore and offshore, highlighting plans to raise more natural gas rigs in the Haynesville Shale, swap land in the Permian Basin, complete more wells in the Eagle Ford Shale and sell off the Fayetteville Shale portfolio.

April 26, 2017