Rig Count

As goes the weather, so goes demand for U.S. natural gas supply this summer and beyond, with global turmoil a continuing wildcard, according to a veteran industry executive. Lower gas production has been attributed in part to planned maintenance, but the U.S. gas rig count also bears watching, Marex North America LLC’s Steve Blair, senior…

Declines in the oil patch drove the combined U.S. rig count five units lower to 682 for the week ended Friday (June 23), while the natural gas drilling tally held flat at 130, the latest figures from Baker Hughes Co. (BKR) show. A six-rig decline in domestic oil-directed drilling was partially offset by a net…

Losses in the North American natural gas and oil rig count accelerated for the week ending Friday (June 16), with the total number falling by nine, according to the latest tally from Baker Hughes Co. (BKR). In the United States, five natural gas-directed rigs were dropped, with four lost in the oilfield. Land drilling accounted…

Extending a multi-week stretch of steep cuts to domestic drilling activity, the U.S. rig count plunged 15 units to 696 for the week ended Friday (June 2) amid a slowdown in the oil patch, according to the latest numbers from Baker Hughes Co. (BKR). Natural gas-directed drilling was unchanged domestically for the period, with oil-directed…

The upstream natural gas and oil industry in Texas is at risk of slowing in part as natural gas prices have plunged by more than 160% year/year, according to the Texas Alliance of Energy Producers (TAEP). NGI’s spot natural gas price at the Henry Hub was $2.090/MMBtu at the start of April, down more than…

Continued retrenchment in domestic drilling activity saw the U.S. natural gas rig count fall four units to 137 for the week ended Friday (May 26), the latest numbers from Baker Hughes Co. (BKR) show. A decline of five oil-directed rigs saw the combined U.S. rig count drop to 711, down nine week/week and off 16…

The U.S. rig count posted a second straight double-digit decline during the week ended Friday (May 19), this time with losses hitting the oil patch, the latest figures from Baker Hughes Co. (BKR) show. U.S. operators shelved 11 rigs — all oil-directed — for the period, dropping the domestic tally to 720, lagging the year-earlier…

Natural gas futures pushed higher in early trading Monday as the market continued to ponder the balance implications of recent data showing a steep decline in drilling activity.  Coming off a 7.6-cent gain to close out last week’s trading, the June Nymex contract was up another 6.0 cents to $2.326/MMBtu at around 8:40 a.m. ET.…

In a potential sign of low commodity prices finally catching up with upstream operators, the U.S. natural gas rig count plummeted during the week ended Friday (May 12), dropping 16 rigs to end the period at 141, according to data from Baker Hughes Co. (BKR). Prior to the latest BKR tally, the U.S. natural gas…