Rig Count

Lower 48 Holds Enough DUCs to Extend Operations Deep into 2021

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
Natural Gas Rigs Flat in U.S. as Overall Activity Sees Modest Growth in Recent Weeks

Natural Gas Rigs Flat in U.S. as Overall Activity Sees Modest Growth in Recent Weeks

The U.S. natural gas rig count finished unchanged at 72 rigs during the week ending Friday (Sept. 4), while a modest increase in oil activity helped keep the overall domestic tally on an uptrend, the latest data from Baker Hughes Co. (BKR) show. The U.S. rig count gained two units overall to reach 256, including…

September 4, 2020
Drilling Activity on the Rise at Home and Abroad as U.S. Adds More Rigs

Drilling Activity on the Rise at Home and Abroad as U.S. Adds More Rigs

The U.S. rig count gained two units to reach 256 for the week ending Friday (Sept. 4), putting the domestic tally on a modest uptrend over the past month, the latest data from Baker Hughes Co. (BKR) show. The United States added one oil-directed rig and one miscellaneous rig during the week, while natural gas-directed…

September 4, 2020
LNG Uncertainty Weighs Down October Natural Gas, but Better Pricing Seen for Winter, Beyond

LNG Uncertainty Weighs Down October Natural Gas, but Better Pricing Seen for Winter, Beyond

Natural gas exports, hammered by Hurricane Laura only days after reaching levels not seen since pre-Covid-19, were at the forefront of a steep decline in October forward prices during the Aug. 27-Sept. 2 period. The rest of the forward curve fared better, however, as the potential for further production decreases and stronger global demand this…

September 3, 2020
U.S. Rig Count Steady Overall as Haynesville Up, Permian Down

U.S. Rig Count Steady Overall as Haynesville Up, Permian Down

Gains in natural gas-directed drilling offset a drop in oil activity to leave the U.S. rig count unchanged at 254 during the week ended Friday (Aug. 28), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). The United States added three natural gas rigs and lost three oil rigs for the…

August 28, 2020
Natural Gas Rigs Down, but Overall U.S. Count Sees First Post-Covid Increase

Natural Gas Rigs Down, but Overall U.S. Count Sees First Post-Covid Increase

The U.S. natural gas rig count fell one unit to 69 during the week ending Friday (Aug. 21), a small decline overshadowed by a decisive uptick in oil-directed activity, the latest data from Baker Hughes Co. (BKR) show. For the first time since the widespread adoption of measures to limit the spread of Covid-19 began…

August 21, 2020
Permian Leads as U.S. Rig Count Climbs for First Time Post-Covid

Permian Leads as U.S. Rig Count Climbs for First Time Post-Covid

For the first time since the widespread adoption of measures to limit the spread of Covid-19 began hammering energy demand earlier this year, the United States added rigs on a week/week basis, according to the latest data from Baker Hughes Co. (BKR). The United States added 10 rigs overall during the week ending Friday (Aug.…

August 21, 2020
U.S. Adds One Natural Gas Rig; Oil Count Slides

U.S. Adds One Natural Gas Rig; Oil Count Slides

The U.S. natural gas rig count added one unit to reach 70 for the period ending Friday (Aug. 14), while continued declines in the oil patch saw the overall domestic count slide for the week, according to updated figures from oilfield services (OFS) provider Baker Hughes Co. (BKR). Driven by another week of attrition in…

August 14, 2020
Permian Losses See U.S. Rig Count Sink Further

Permian Losses See U.S. Rig Count Sink Further

Driven by another week of attrition in the oil-focused Permian Basin, the U.S. rig count fell three units to 244 for the period ending Friday (Aug. 14), according to updated figures from oilfield services (OFS) provider Baker Hughes Co. (BKR). A four-rig decrease in oil-directed drilling was partially offset by a net increase of one…

August 14, 2020
U.S. Natural Gas Rig Count Steady, but More Oil Rigs Exit Patch

U.S. Natural Gas Rig Count Steady, but More Oil Rigs Exit Patch

The U.S. natural gas rig count finished unchanged at 69 for the week ended Friday (Aug. 7), while yet another round of losses in the oil patch saw the combined domestic tally grind lower, according to the latest numbers from Baker Hughes Co. (BKR). The overall U.S. rig count dropped four units — all oil-directed…

August 7, 2020