Oil and natural gas activity in Latin America is resurgent after a severe pandemic-driven downturn, according to the CEOs of three oilfield services giants. The chief executives of Halliburton Co., Schlumberger Ltd. and Baker Hughes Co. each cited a substantially improved outlook for the region in their third-quarter earnings calls last week. Halliburton reported a…
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Natural Gas Activity Climbs in U.S. as Oil Growth Hits Pause
The U.S. natural gas rig count inched one unit higher to reach 99 for the week ended Friday (Oct. 22), while the recent steady upward trend in the oil patch stalled for the period, according to the latest numbers from Baker Hughes Co. (BKR). A net decline of two oil-directed rigs dropped the combined U.S.…
October 22, 2021
U.S. Oil Drilling Gains on Pause in Latest Weekly Count as Natural Gas Tally Rises
Pausing what has been a steady upward trend going back to last year, the U.S. rig count dipped one unit to 542 for the week ended Friday, driven by a small decline in onshore oil-directed activity, the latest data from Baker Hughes Co. (BKR) show. A net decline of two oil-directed rigs was partially offset…
October 22, 2021
U.S. Natural Gas Drilling Activity Slows; Oil Continues to Surge
Even as the U.S. natural gas rig count fell one unit to 98 for the week ended Friday (Oct. 15), a surge in the oil patch lifted the combined domestic tally 10 units higher to 543, according to updated numbers from Baker Hughes Co. (BKR). A 12-rig increase in oil-directed drilling in the United States…
October 15, 2021
Oil Patch Sees Big Gains as U.S. Drilling Rises in Baker Hughes Tally
The U.S. rig count jumped 10 units higher to 543 during the week ended Friday (Oct. 15), propelled by a strong week of gains in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). A 12-rig increase in oil-directed drilling in the United States offset net declines of one natural gas-directed…
October 15, 2021
U.S. Natural Gas Drilling Activity Steady as Oil Patch Expands Further
The U.S. natural gas rig count finished flat at 99 for the week ended Friday (Oct. 8), while continued expansion in the oil patch lifted the combined domestic tally five units higher to finish at 533, according to the latest data from Baker Hughes Co. (BKR). A net gain of five oil-directed rigs in the…
October 8, 2021
Permian Activity Rises as U.S. Oil Patch Expands Further
Another week of expansion in the oil patch, led by the Permian Basin, lifted the U.S. rig count five units higher to 533 for the week ended Friday, according to the latest figures published by Baker Hughes Co. (BKR). Natural gas-directed drilling went unchanged for the period, while the addition of five oil-directed rigs put…
October 8, 2021
Oil Drilling on the Rise as Natural Gas Activity Steady in U.S.
The U.S. natural gas rig count went unchanged at 99 during the week ended Friday (Oct. 1), while increased activity in the oil patch lifted the combined domestic tally seven units to 528, according to the latest figures from Baker Hughes Co. (BKR). Total domestic oil-directed rigs rose seven units to 428 for the week.…
October 1, 2021
Permian, GOM Rise in U.S. Drilling Increases in Latest Baker Tally
Increased drilling activity in the Permian Basin and in the Gulf of Mexico (GOM) helped lift the U.S. rig count seven units higher to 528 for the week ended Friday (Oct. 1), according to the latest numbers from Baker Hughes Co. (BKR). The total number of natural gas-directed rigs operating domestically was unchanged for the…
October 1, 2021
GOM Activity on The Mend, But Natural Gas Drilling Slows in U.S.
U.S. natural gas drilling activity eased lower during the week ended Friday (Sept. 24), while ongoing recovery in the Gulf of Mexico (GOM) helped lift the overall domestic rig count higher for the period, according to updated numbers from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week,…
September 24, 2021
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