Land

Tulsa-based Helmerich & Payne Inc., the last of the big oilfield drilling contractors to issue quarterly results, continues to see most of its U.S. onshore rigs heading to the Permian Basin, but increasingly, high-spec activity is beginning to increase elsewhere, CEO John Lindsay said Thursday.

National Oilwell Varco Inc., which designs and manufactures upstream equipment, is seeing a dramatic shift in business away from its mainstay, the offshore, which has dominated order books for the last decade, to U.S. land, where the outlook now looks “much brighter,” CEO Clay Williams said Thursday.

Fourteen U.S. land-based rigs returned to play during the week ending Sept. 2, according to Baker Hughes Inc. (BHI). Gains were tempered, though, by the departure of seven offshore rigs, offset by one returning to the inland waters.

U.S. land-based rigs continued their march back to the oil patch, according to Friday’s Baker Hughes Inc. (BHI) rig count. The Permian Basin led gains among plays, adding four rigs; and Texas added the most rigs among states, three.

Everyone knew they’d be back. Eight land-based drilling rigs returned to play during the week ending June 3, according to Baker Hughes Inc. (BHI).

Texas and Alaska had the most to gain from the bounce at the bottom of the long-running rig count decline as eight U.S. land-based drilling rigs returned to play during the week ending June 3, according to Baker Hughes Inc. (BHI). Natural gas rigs, however, missed the party.

The United States needs “a major course correction” in its approach to conservation, according to U.S. Secretary of the Interior Sally Jewell, who on Tuesday outlined a long-term overview and plans for the rest of the year which include reviews of previous land use decisions.

The United States needs “a major course correction” in its approach to conservation, according to U.S. Secretary of the Interior Sally Jewell, who on Tuesday outlined a long-term overview and plans for the rest of the year which include reviews of previous land use decisions.

Another Appalachian-focused exploration and production (E&P) company has secured an equity commitment of up to $800 million to lease and operate land in Ohio, West Virginia and Pennsylvania.