Tulsa-based drilling expert Helmerich & Payne (H&P) is getting more bang for its buck, as North American pricing improves for the super-spec FlexRig fleet. CEO John Lindsay and CFO Mark Smith led a recent conference call to discuss fiscal 3Q2022 results with analysts. In the North American Solutions segment, efforts earlier this year to “achieve…
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Natural Gas Drilling Steady in U.S. as Oil Count Rises in Canada
The U.S. natural gas rig count went unchanged at 151 during the week ended Friday (June 3) amid minor regional adjustments to domestic upstream activity levels, while the Canadian oil count soared, the latest figures from Baker Hughes Co. (BKR) show. Both oil- and natural gas-directed drilling totals were unchanged in the United States for…
June 3, 2022
U.S. Drilling Activity Steady to Close Out 2021, Latest BKR Tally Shows
Overall drilling activity in the United States held steady to close out 2021, with the combined domestic count finishing unchanged at 586 for the week ended Friday (Dec. 31), according to updated figures published by Baker Hughes Co. (BKR). Total oil-directed rigs in the United States held steady at 480, while natural gas-directed rigs were…
January 3, 2022
North Dakota Oil Production Flat, But Gas Increases 1%
North Dakota’s Bakken Shale oil production under-performed in its most recent monthly statistics, reflecting a “serious shortage of hydraulic fracturing (fracking) crews,” the state’s chief oil/natural gas regulator Lynn Helms reported Tuesday. Helms told a webinar with reporters that he expects to see improvement in the summer months, but the May statistics — 34.9 million…
July 22, 2021
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