oil and gas production

The U.S. natural gas rig count grew two units to 137 for the week ended Friday (March 18), a period marked by generally small adjustments to domestic drilling activity, the latest data from Baker Hughes Co. (BKR) show. One miscellaneous unit was also added in the United States for the week, helping to offset a…

Led by incremental growth in the Appalachian Basin, major Lower 48 drilling regions are set to raise natural gas output by more than 500,000 MMcf/d in April, according to updated modeling from the Energy Information Administration (EIA). Total natural gas production from seven key U.S. regions will grow by 594 MMcf/d month/month to reach an…

The U.S. natural gas rig count climbed five units to 135 for the week ended Friday (March 11), while big gains in Texas drove a double-digit increase in the overall domestic tally, according to the latest data from Baker Hughes Co. (BKR). Including the natural gas drilling gains and an eight-rig increase in oil-directed drilling,…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. War in Europe…

A big drilling activity increase in Texas, and in the Permian Basin in particular, sent the U.S. rig count soaring 13 units higher to 663 for the week ended Friday (March 11), according to updated numbers from Baker Hughes Co. (BKR). Increases of eight oil-directed rigs and five natural gas-directed rigs saw the United States…

The United States must boost production and exports of oil and natural gas in order to reduce Russia’s leverage in the global energy markets while continuing to pursue decarbonization, Sen. Joe Manchin (D-WV) said Thursday. Manchin, who chairs the Senate Committee on Energy and Natural Resources, oversaw a committee hearing on “the use of energy…

In another sign of the dramatic overhaul in the world order, the U.S. government has reengaged with Venezuela’s President Nicolás Maduro to potentially undo oil sanctions on the Latin American nation. In an address on state television, Maduro called a weekend meeting at the Miraflores presidential palace with U.S. officials “respectful, cordial, and very diplomatic.”…

Rising production and commodity prices made an early 2000s prediction come true last year by the founders of Canadian Natural Resources Ltd. that building Alberta oilsands plants would give the company “a wall of cash.” The Calgary-based independent reported solid results in the fourth quarter and for 2021. The producer reports in Canadian dollars (C$1.00-US…

Mexico’s Petróleos Mexicanos (Pemex) had yet another disastrous financial result in the fourth quarter, but executives in a conference call said they were buoyed by upstream results and were planning to spend more this year to get more oil and gas out of the ground. Capital expenditures (capex) for this year are pegged at “levels…