oil and gas production

Foothills Exploration Inc. and Illinois Basin operator Benchmark Properties Ltd. have agreed to rework one well in Jasper County, IL, and drill a new one. Through its Anaconda Energy LLC subsidiary, Foothills has a participation agreement with Benchmark to develop the Ste Marie West Prospect and to acquire a 50% working interest in the Sears-Houser…

The U.S. natural gas rig count climbed one unit higher to finish at an even 100 for the week ended Friday (Oct. 29), matching a modest uptick in the oil patch for the period, according to the latest figures from Baker Hughes Co. (BKR). The combined U.S. rig count climbed two units to 544 for…

Including activity increases in the Denver Julesburg-Niobrara and the Williston Basin, the U.S. rig count inched two units higher to 544 for the week ended Friday (Oct. 29), according to the latest figures from Baker Hughes Co. (BKR). Net increases of one oil-directed rig and one natural gas-directed rig for the period left the combined…

Texas’ upstream employment figure grew by 2,900 jobs last month to reach 181,100 in September, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported Friday. The September tally marks the Lone Star State’s fifth consecutive month of upstream job growth since April, TIPRO said. The September 2021 figure marks a year/year gain of 23,600,…

Opposition to Canadian oil and gas pipelines has grown into an international environmental protest industry from a modest 2008 beginning as “The Tar Sands Campaign,” according to an Alberta government inquiry into foreign funding of home-grown fossil fuel foes. The 657-page Report of the Public Inquiry Into Anti-Alberta Energy Campaigns found that C$1.28 billion ($1…

The U.S. natural gas rig count inched one unit higher to reach 99 for the week ended Friday (Oct. 22), while the recent steady upward trend in the oil patch stalled for the period, according to the latest numbers from Baker Hughes Co. (BKR). A net decline of two oil-directed rigs dropped the combined U.S.…

Pausing what has been a steady upward trend going back to last year, the U.S. rig count dipped one unit to 542 for the week ended Friday, driven by a small decline in onshore oil-directed activity, the latest data from Baker Hughes Co. (BKR) show. A net decline of two oil-directed rigs was partially offset…

The global oil and natural gas upcycle has begun, with more capital spending set to flow into the onshore and offshore heading into 2022, Schlumberger Ltd. CEO Olivier Le Peuch said Friday. The head of the world’s largest oilfield services (OFS) company shared a bullish view of the energy markets during a third-quarter conference call…

Matador Resources Co. expects to drill nine wells before the end of the year at its Rodney Robinson leasehold in Eddy County, NM, management said Wednesday. Dallas-based Matador said it is currently running two drilling rigs at Rodney Robinson in the western portion of the firm’s Antelope Ridge asset area in the Permian Basin’s Delaware…