oil and gas production

Quesqui, Ixachi Fields Keeping Mexico Natural Gas Production Afloat Amid Legacy Field Declines

Quesqui, Ixachi Fields Keeping Mexico Natural Gas Production Afloat Amid Legacy Field Declines

Mexico’s natural gas production averaged 4.04 Bcf/d in October, up from 3.93 Bcf/d in October 2021, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Associated gas tied to oil production accounted for 2.31 Bcf/d of the total, while non-associated gas output averaged 1.73 Bcf/d. State oil company Petróleos Mexicanos (Pemex)…

December 5, 2022
Drilling Activity Steady in U.S. Following Holiday, BKR Count Shows

Drilling Activity Steady in U.S. Following Holiday, BKR Count Shows

In terms of changes to overall activity levels, it was a quiet week for U.S. drillers, with the natural gas rig count holding steady at 155 for the week ended Friday (Dec. 2), according to the latest figures from Baker Hughes Co. (BKR). Total oil-directed drilling in the United States was also flat for the…

December 2, 2022
Natural Gas Drilling Slows in U.S. as Oil Count Rises, Latest BKR Tally Shows

Natural Gas Drilling Slows in U.S. as Oil Count Rises, Latest BKR Tally Shows

The U.S. natural gas rig count dropped two units to fall to 155 for the holiday-shortened week ended Wednesday (Nov. 23), while gains in the oil patch led the overall domestic tally two units higher to 784, according to the latest data from Baker Hughes Co. (BKR). Offsetting the natural gas declines, four oil-directed rigs…

November 23, 2022
Oil Activity Picks  Up, Natural Gas Slows Down Ahead of Thanksgiving Holiday

Oil Activity Picks Up, Natural Gas Slows Down Ahead of Thanksgiving Holiday

Driven by gains in the oil patch, the U.S. rig count added two rigs overall to reach 784 during the holiday-shortened work week ended Wednesday (Nov. 23), according to updated numbers published by oilfield services provider Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United States for the period, partially offset by…

November 23, 2022
Two Natural Gas Rigs Added in U.S. in Latest BKR Count

Two Natural Gas Rigs Added in U.S. in Latest BKR Count

The U.S. natural gas rig count rose two units to 157 for the week ended Friday (Nov. 18), while an uptick in the oil patch helped lift the combined domestic drilling total three units higher to 782, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Land drilling increased by four…

November 18, 2022
U.S. Drilling Tally Rises on Natural Gas, Oil Activity Gains

U.S. Drilling Tally Rises on Natural Gas, Oil Activity Gains

Bolstered by modest gains in both natural gas and oil drilling, the combined U.S. rig count climbed three units to 782 for the week ended Friday (Nov. 18), according to updated numbers published by Baker Hughes Co. (BKR). Changes in the United States for the week included gains of two natural gas-directed rigs and one…

November 18, 2022
North Dakota Posts Record Natural Gas Production, Capture Rates; TC Eyes Northern Border Expansion

North Dakota Posts Record Natural Gas Production, Capture Rates; TC Eyes Northern Border Expansion

North Dakota reported record high natural gas production of 3.18 Bcf/d in September, up 2.8% from August, according to the latest data from the state’s Department of Mineral Resources (DMR). Producers captured and marketed 3.02 Bcf/d or 95% of the total, another all-time record amid efforts to curb routine gas flaring, said DMR’s Lynn Helms,…

November 18, 2022
Natural Gas Drilling Down, Oil Count Up in Latest BKR Tally

Natural Gas Drilling Down, Oil Count Up in Latest BKR Tally

The U.S. natural gas rig count dropped one unit to 155 for the week ended Friday (Nov. 4), while an uptick in oil drilling nudged the combined domestic tally two units higher to 770, according to updated numbers from Baker Hughes Co. (BKR). Domestic land drilling increased by two units for the week, while the…

November 4, 2022
Marathon Oil Nearly Doubling Eagle Ford Position with $3B Acquisition of Natural Gas, Condensate-Rich Assets

Marathon Oil Nearly Doubling Eagle Ford Position with $3B Acquisition of Natural Gas, Condensate-Rich Assets

Marathon Oil Corp. has entered a deal to acquire the natural gas and condensate-weighted Eagle Ford Shale assets of Ensign Natural Resources for $3 billion in cash. The assets span 130,000 net acres in South Texas’ Live Oak, Bee, Karnes and Dewitt counties across the condensate, wet gas and dry gas phase windows of the…

November 4, 2022
Mexico’s Pemex Posts Loss Despite High Pricing Environment, Steady Output

Mexico’s Pemex Posts Loss Despite High Pricing Environment, Steady Output

Mexico’s state oil and gas giant Petróleos Mexicanos (Pemex) had a strange third quarter. Amid record commodity prices, the company posted a massive loss. But it also produced more hydrocarbons, in particular natural gas. In an earnings call last week, executives tried to put a positive spin on the results. They highlighted that Pemex liquids…

November 1, 2022
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