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Texas Leads Drilling Decline as Rigs Run From Permian

Texas Leads Drilling Decline as Rigs Run From Permian

Drillers took heed of recent industry comment that the U.S. rig count has further to fall. The latest Baker Hughes Inc. count shows the withdrawal of 17 land-based rigs and one offshore rig from service (12 oil and six natural gas).

January 29, 2016
U.S., Canada Both Lose Rigs as Further Declines Expected

U.S., Canada Both Lose Rigs as Further Declines Expected

Drillers took heed of recent industry comment that the U.S. rig count has further to fall. The latest Baker Hughes Inc. count shows the withdrawal of 17 land-based rigs and one offshore rig from service (12 oil and six natural gas).

January 29, 2016
Texas Adds Rigs Amid Broad U.S. Gas-Directed Decline

Texas Adds Rigs Amid Broad U.S. Gas-Directed Decline

Drillers active in the United States dropped nine natural gas-directed rigs and added one oil rig, according to the latest Baker Hughes Inc. rig count for the week ending Aug. 28.

August 28, 2015
U.S. Rigs Post Net Gain of One; Permian-Focused, Vertical Units Lead

U.S. Rigs Post Net Gain of One; Permian-Focused, Vertical Units Lead

The Permian Basin was the big gainer among U.S. plays in the latest Baker Hughes Inc. rig count, released Friday (July 10). The basin added seven rigs to land at 239 for the week.

July 10, 2015
Gas-Directed Rigs Added as Latest Count Shows Modest Changes Across Plays

Gas-Directed Rigs Added as Latest Count Shows Modest Changes Across Plays

More evidence that producers are turning to natural gas emerged in the latest Baker Hughes Inc. count of active drilling rigs, which covers the week ending May 29. The most recent count shows that while active oil-directed rigs in the United States declined by 13, three rigs were added on the natural gas side.

May 29, 2015
Permian Decline Bottoming; Returning Rigs to Be New Soldiers, Analysts Say

Permian Decline Bottoming; Returning Rigs to Be New Soldiers, Analysts Say

Activity declines in the Permian Basin are likely bottoming out, and pricing for hydraulic fracturing services could see some recovery there, analysts at Wells Fargo Securities LLC said in a note with thoughts from the recent DUG Permian Conference.

May 22, 2015
Texas Oil Production Up; NatGas, Not So Much

Texas Oil Production Up; NatGas, Not So Much

Oil production in Texas continued climbing during May, while natural gas output trended down as it has for much of this year.

July 24, 2013

EIA Lowers Gas Price Outlook

In its latest Short Term Energy Outlook (STEO), the Energy Information Administration (EIA) nudged down is Henry Hub natural gas price forecast for this year and next and predicted that coal-fired power plants will retain their recent gains over gas-fueled facilities.

July 15, 2013
EIA Nudges Price Outlook Down; Production Unchanged

EIA Nudges Price Outlook Down; Production Unchanged

In its latest Short Term Energy Outlook (STEO), the Energy Information Administration (EIA) nudged down is Henry Hub natural gas price forecast for this year and next and predicted that coal-fired power plants will retain their recent gains over gas-fueled facilities. The gas production outlook held steady with last month’s STEO.

July 11, 2013

Industry Brief

Idaho regulators are looking at the latest integrated resource plan (IRP) of PacifiCorp’s Rocky Mountain Power unit, which assumes modest 1.1% annual growth and some changes in coal-fired power generation, including the retirement of a unit and replacement with a new natural gas-fired generation facility. Salt Lake City-based Rocky Mountain is the PacifiCorp operating utility in Idaho, Utah and Wyoming. Part of the IRP filed with the Idaho Public Utilities Commission (PUC) calls for Rocky Mountain converting its Naughton Unit 3 coal-fired plant near Kemmerer, WY, to a natural gas-fired plant, and installing emissions control equipment on coal units in Utah (Hunter Unit 1) and Wyoming (Jim Bridger Units 3 and 4). The utility said that these plans are not final, due to the uncertainty of the future federal carbon tax legislation and the U.S. Environmental Protection Agency’s final new standards for power plants. The PUC said it is taking comments from the public through Aug. 8.

July 1, 2013
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