Rig Count

U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three

U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three

The U.S. natural gas rig count fell one unit to finish at 109 for the week ended Friday (April 12), while a small decrease in oil drilling dropped the combined domestic tally three units to 617, according to the latest numbers from Baker Hughes Co. (BKR). Total domestic natural gas rigs finished the period down…

April 12, 2024
U.S. Drops Two More Natural Gas Rigs as Haynesville Activity Slows, BKR Data Show

U.S. Drops Two More Natural Gas Rigs as Haynesville Activity Slows, BKR Data Show

Including activity declines in the Haynesville Shale, the U.S. natural gas rig count skidded to 110 for the week ended Friday (April 5), down two week/week, updated numbers from Baker Hughes Co. (BKR) show. Total active U.S. natural gas rigs finished the week well shy of the 158 rigs running at this time a year…

April 5, 2024
Haynesville Down Four Rigs in Latest Baker Tally as Natural Gas Count Drops

Haynesville Down Four Rigs in Latest Baker Tally as Natural Gas Count Drops

The U.S. natural gas patch dropped four rigs for the week ended Friday (March 22), including a notable reduction in drilling numbers for the gassy Haynesville Shale, according to the latest figures from Baker Hughes Co. (BKR). The United States ended the period with 112 active natural gas-directed rigs, down from 162 in the year-earlier…

March 22, 2024
Is U.S. Natural Gas Rig Count Rebound Unfolding? Look to Second Half of ‘24, Say Experts

Is U.S. Natural Gas Rig Count Rebound Unfolding? Look to Second Half of ‘24, Say Experts

Energy operators were cautiously optimistic during their recent quarterly conference calls that Lower 48 natural gas activity would improve in anticipation of increasing LNG demand, but the startup of more export projects is not yet a certainty, according to some analysts. Evercore ISI’s James West, senior managing director, said the U.S. gas rig count jumped…

March 22, 2024
Haynesville Shale Adds Two Rigs as U.S. Natural Gas Drilling Count Climbs

Haynesville Shale Adds Two Rigs as U.S. Natural Gas Drilling Count Climbs

Including an uptick in Haynesville Shale activity, the U.S. natural gas rig count increased by one to finish the week ended Friday (March 15) at 116, the latest Baker Hughes Co. (BKR) data show. The 116 active natural gas rigs as of Friday compares with 162 rigs running at this time a year ago, according…

March 15, 2024
U.S. Down Four Rigs as Activity Slows in Haynesville, BKR Data Show

U.S. Down Four Rigs as Activity Slows in Haynesville, BKR Data Show

Led by a pullback in Haynesville Shale activity, the U.S. natural gas rig count dropped four units to 115 for the week ended Friday (March 8), according to updated figures from Baker Hughes Co. (BKR). The 115 active U.S. natural gas rigs as of Friday compares with 153 running in the year-ago period, according to…

March 8, 2024
Natural Gas Drillers Drop One Rig as Weak Prices Continue

Natural Gas Drillers Drop One Rig as Weak Prices Continue

The total number of active U.S. natural gas-directed rigs eased one unit lower to 119 for the week ended Friday (Mar. 1), while an increase in oil drilling helped lift the overall domestic rig count three units higher to 629, according to updated numbers from Baker Hughes Co. (BKR). The 119 U.S. natural gas rigs…

March 1, 2024
H&P Predicting ‘Modest’ U.S. Rig Gain, but Warns E&Ps Resetting on Weak Natural Gas Prices

H&P Predicting ‘Modest’ U.S. Rig Gain, but Warns E&Ps Resetting on Weak Natural Gas Prices

The headwinds resulting from low natural gas and oil prices have driven Helmerich & Payne Inc. (H&P) toward opportunities to showcase the capabilities of the high-tech rig fleet and drilling solutions, according to CEO John Lindsay. The energy industry faces challenges nearly every year, but as the market zigs and zags, there are other ways…

February 28, 2024
U.S. Natural Gas Drilling Total Off One to 120; Oil Count Climbs

U.S. Natural Gas Drilling Total Off One to 120; Oil Count Climbs

Natural gas-directed drilling activity held steady in the United States for the week ended Friday (Feb. 23) at 120 rigs, down one week/week, while an uptick in oil drilling lifted the combined domestic tally five units to 626, updated Baker Hughes Co. (BKR) data show. Total domestic natural gas rigs ended the period down 31…

February 23, 2024
Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

The U.S. natural gas rig count held steady at 121 for the week ended Friday (Feb. 16), while a decline in oil activity lowered the combined domestic drilling tally two units to 621, according to updated figures from Baker Hughes Co. (BKR). Land drilling went unchanged week/week in the United States, while the Gulf of…

February 16, 2024
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