Calgary-based Precision Drilling Corp., one of the largest drilling contractors in North America, is seeing U.S. demand improve, with Canada activity accelerating in natural gas and liquids-rich plays. During a conference call to discuss third quarter results, CEO Kevin Neveu said the Lower 48 rig count already has improved off the “third quarter lows back…
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More Oil Drilling Propels U.S. Rig Count Higher for Sixth Straight Week
Bolstered by increased oil drilling, particularly in the Permian Basin, the U.S. rig count climbed for a sixth straight week during the period ended Friday (Oct. 23), picking up five units to reach 287, according to the latest data from Baker Hughes Co. (BKR). A six-rig increase in domestic oil drilling offset a one-rig decline…
October 23, 2020
U.S. Adds One Natural Gas Rig as Oil Drilling Surges
The U.S. natural gas rig count climbed one unit to finish at 74 for the week ending Friday (Oct. 16), while a surge in oil activity saw the overall domestic drilling tally rise by double digits, the latest numbers from Baker Hughes Co. (BKR) show. Driven by a 12-rig increase in oil-directed rigs, the combined…
October 16, 2020
Oil-Directed Drilling Surges Higher as U.S. Patch Adds 13 Rigs
The U.S. rig count surged 13 units higher to finish at 282 for the week ending Friday (Oct. 16) on the strength of gains in oil-directed drilling, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Twelve oil-directed rigs and one natural gas-directed rig were added in the United States for…
October 16, 2020
Oil Leads U.S. Count to Fourth Straight Gain; One Natural Gas Rig Exits
The U.S. natural gas rig count fell one unit to finish at 73 for the week ending Friday (Oct. 9), while a rise in oil drilling kept the combined domestic tally on a modest upward trajectory from recent pandemic-induced lows, the latest numbers from Baker Hughes Co. (BKR) show. With a four-rig increase in oil-directed…
October 9, 2020
U.S. Rig Count Rises for Fourth Straight Week as Oil Activity Grows
Continuing on a modest upward trajectory from recent pandemic-induced lows, the U.S. rig count climbed three units to 269 for the week ending Friday (Oct. 9), according to the latest Baker Hughes Co. (BKR) tally. A four-rig increase in oil-directed drilling offset a one-rig decline in the natural gas patch, leaving the combined domestic count…
October 9, 2020
Drilling Gaining Steam in Texas as U.S. Rig Count Rises
Spurred by an uptick in drilling activity in Texas, the U.S. rig count climbed six units to finish at 261 for the week ending Friday (Sept. 25), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Four oil-directed rigs and two natural gas-directed units returned to action in the United States,…
September 25, 2020
U.S. Natural Gas Rig Count Down One as Domestic Drilling Activity Steady
The U.S. natural gas rig count dropped one unit to finish at 71 for the week ended Friday (Sept. 11) amid generally modest changes to domestic drilling activity during the period, the latest figures from Baker Hughes Co. (BKR) show. One oil-directed rig and one natural gas-directed rig exited the patch in the United States…
September 11, 2020
Marcellus, Haynesville Activity Down as U.S. Rig Count Eases Lower
Amid declining activity in the natural gas-heavy Marcellus and Haynesville shales, the U.S. rig count fell two units to 254 for the week ending Friday (Sept. 11), according to updated figures from oilfield services (OFS) provider Baker Hughes Co. (BKR). The United States dropped one oil-directed rig and natural gas-directed rig overall during the week,…
September 11, 2020
Lower 48 Holds Enough DUCs to Extend Operations Deep into 2021
A substantial inventory in the Lower 48 of drilled but uncompleted wells, aka DUCs, could sustain drilling — without adding more wells — long into the coming year, according to a new analysis. “After DUCs run out, however, rig activity in the five key oil regions needs to be in the 280-300 range to maintain…
September 8, 2020
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