oil and gas production

The U.S. oil and gas rig count pulled back sharply during the week ending Friday (Sept. 22), falling 11 units to 630 amid notable losses in the Permian Basin and the Haynesville Shale, according to the latest Baker Hughes Co. (BKR) data. A three-rig decline in natural gas rigs domestically partially reversed an eight-rig increase…

Even in the late stages of his administration, Mexico’s President Andrés Manuel López Obrador is sticking to his state-centric energy policy that has rattled many private firms in the sector. In his penultimate state-of-the-union address to the nation last week, he said the program of “expanding the Comisión Federal de Electricidad (CFE) includes the construction…

With a host of small adjustments to activity levels across a number of onshore plays, the combined U.S. natural gas and oil rig count eased one unit lower to finish at 631 for the week ended Friday (Sept. 1), according to the latest numbers from Baker Hughes Co. (BKR). Oil-directed drilling was unchanged for the…

Mexico’s natural gas production averaged 4.30 Bcf/d in July, compared to 4.35 Bcf/d in June and 4.10 Bcf/d in July 2022. State oil company Petróleos Mexicanos (Pemex) supplied 4.07 Bcf/d of the total, compared to 3.86 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators produced…

Liberty Energy Inc. President Ron Gusek does not shy away from the reality of climate change. He is convinced the planet is warming and sea levels are rising. Still, these are not overwhelming problems that necessitate bans on natural gas and other fossil fuels. In fact, Gusek said, a diverse array of energy sources is…

A slowdown in natural gas-directed drilling in the United States for the week ended Friday (Aug. 11) dropped the overall domestic tally five units to 654, according to the latest figures from Baker Hughes Co. (BKR). Domestic oil-directed drilling was unchanged overall for the period, while the five-rig decrease lowered the natural gas count to…

Permian Basin heavyweight Pioneer Natural Resources Co. is aiming to land 70% of its natural gas sales outside the Waha hub of West Texas during the second half of this year, and sales may reach 80% by the second half of 2024, management said Wednesday. CEO Scott Sheffield hosted a conference call to discuss second…

Mexico’s natural gas production averaged 4.35 Bcf/d in June, up from 4.04 Bcf/d in June 2022. State oil company Petróleos Mexicanos (Pemex) produced 4.12 Bcf/d of the total, versus 3.80 Bcf/d in the year-ago month, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). Private sector firms produced 227 MMcf/d, versus 242 MMcf/d a year…

A proposed rule by the Department of Interior’s Bureau of Land Management (BLM) to increase bonding requirements, royalty rates and minimum bids for natural gas and oil producers was met with criticism from the industry.  The draft rule would increase economic returns for the country while ensuring oil and natural gas companies are environmentally responsible…