Lost

The count of active U.S. drilling rigs plummeted by 29 units, almost 3.5%, to rest at 809 in the latest count by Baker Hughes Inc. for the week ending Oct. 2. Canada added a net of three rigs to bring the North American rig decline to minus 26, about 2.56% down from the prior week.

U.S. drilling rigs were back on the retreat — declining by six — in the Baker Hughes Inc. rig count for the week ending July 17; however, Canada added 23 rigs to land the North American count at a net gain of 17.

During summertime, the rigs come out in Canada. The “frozen north” gained 23 active drilling rigs in the latest census from Baker Hughes Inc., released Friday. That increase was enough to bring North America to a net gain of 17 for the week ending July 17, despite a net decline of six rigs in the United States.

The liquids-rich Eagle Ford Shale and Permian Basin got something of a reprieve from substantial rig count declines in the latest census by Baker Hughes Inc. as the pullback across all basins was more modest than in recent weekly reports. Meanwhile, analysts are detecting positive trends for crude prices.

The liquids-rich Eagle Ford Shale and Permian Basin got something of a reprieve from substantial rig count declines in the latest census by Baker Hughes Inc. as the pullback across all basins was more modest than in recent weekly reports. Meanwhile, analysts are detecting positive trends for crude prices.

The typical natural gas utility customer pays some small amount monthly for energy he or she never uses, according to a report by a veteran researcher at the National Regulatory Research Institute (NRRI), who urged state regulators and utility managers to pay more attention to the elusive problem.

TransCanada Corp. has lost the second round of its years-long contest with natural gas shippers over proposed restructuring of finances and services for its shaky Mainline from Alberta to Ontario, Quebec and export routes to the Midwest and eastern United States.

TransCanada Corp. has lost the second round of its years-long contest with natural gas shippers over proposed restructuring of finances and services for its shaky Mainline from Alberta to Ontario, Quebec and export routes to the Midwest and eastern United States.

BP plc’s annual benchmark review of world energy sees continued growth in global natural gas resources, particularly in the United States, while oil lost worldwide market share for the 13th year in a row.