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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).

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.

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…

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.

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.

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.

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.

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.

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