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Baker’s U.S. Natural Gas Tally Rises as Drilling Activity Focused in Texas

Baker’s U.S. Natural Gas Tally Rises as Drilling Activity Focused in Texas

The U.S. natural gas rig count rose two units to 143 for the week ended Thursday (April 14), matching a two-rig increase in oil-directed drilling for the period, the latest figures from Baker Hughes Co. (BKR) show. The combined U.S. rig count climbed to 693 for the week, up 254 units from its year-earlier total…

April 14, 2022
Oil Drilling Rises Sharply in U.S. as Natural Gas Rigs Increase by Three

Oil Drilling Rises Sharply in U.S. as Natural Gas Rigs Increase by Three

The U.S. natural gas rig count rose three units to 141 for the week ended Friday (April 8), while the Permian Basin led a surge in oil-directed activity, according to the latest tally from Baker Hughes Co. (BKR). Oil-directed rigs increased by 13 in the United States for the week, helping to push the combined…

April 8, 2022
U.S. Natural Gas Drilling Activity Unchanged as Oil Patch Notches Further Gains

U.S. Natural Gas Drilling Activity Unchanged as Oil Patch Notches Further Gains

The U.S. natural gas rig count went unchanged at 137 during the week ended Friday (March 25), while a week of strong growth in Texas accompanied continued activity gains in the oil patch, according to updated figures from Baker Hughes Co. (BKR). U.S. oil-directed rigs increased by seven overall for the period, helping to lift…

March 25, 2022
Natural Gas Drilling Rises in U.S.; Offshore Tally Slides

Natural Gas Drilling Rises in U.S.; Offshore Tally Slides

The U.S. natural gas rig count rose one unit to 116 during the week ended Friday (Feb. 4), with rising activity on land offsetting a decline in Gulf of Mexico (GOM) rigs for the period, according to updated numbers from Baker Hughes Co. (BKR). Gains in the United States for the week also included two…

February 4, 2022
U.S. Drilling Activity Rises on Strength of Williston Growth, Says Baker

U.S. Drilling Activity Rises on Strength of Williston Growth, Says Baker

Driven by strong growth in the Williston Basin, the U.S. oil and gas rig count climbed three units to 613 during the week ended Friday (Feb. 4), according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). Gains in the United States included two oil-directed rigs and one natural gas-directed unit.…

February 4, 2022
Domestic Natural Gas Drilling Tally Climbs to 115 Amid Gains in Haynesville, Marcellus

Domestic Natural Gas Drilling Tally Climbs to 115 Amid Gains in Haynesville, Marcellus

Including increases in the Marcellus and Haynesville shales, the U.S. natural gas rig count rose two units to 115 during the week ended Friday (Jan. 28), according to the latest count from oilfield services provider Baker Hughes Co. (BKR). Domestic oil-directed drilling increased by four rigs for the period, lifting the combined domestic tally to…

January 28, 2022
Natural Gas Drilling on the Rise in U.S. on Marcellus, Haynesville Growth, Baker Says

Natural Gas Drilling on the Rise in U.S. on Marcellus, Haynesville Growth, Baker Says

The U.S. natural gas rig count climbed four units to 113 for the week ended Friday (Jan. 21), while domestic oil drilling saw a small decline for the period, according to updated figures from Baker Hughes Co. (BKR). Including a one-rig decline in oil-directed drilling, the combined U.S. count finished the week at 604, 226…

January 21, 2022
Global E&P Capex in 2022 Led by U.S. E&Ps, with Privates Playing ‘Outsized Role’

Global E&P Capex in 2022 Led by U.S. E&Ps, with Privates Playing ‘Outsized Role’

The U.S. exploration and production (E&P) sector is increasing its capital spending in 2022 for the first time in four years, while Canada is set to remain near multi-decades lows, according to Evercore ISI. Global E&P capital expenditures (capex) are poised to climb by 16% year/year (y/y) in 2022, extending 5.5% growth in 2021 “for…

December 13, 2021
Natural Gas Drilling Picks Up in U.S. as Activity Climbs Onshore and in GOM

Natural Gas Drilling Picks Up in U.S. as Activity Climbs Onshore and in GOM

The U.S. natural gas rig count rose two units to 102 for the week ended Friday (Nov. 12) as gains both on land and offshore headlined continued gains in domestic drilling activity for the period, the latest Baker Hughes Co. (BKR) data show. Four oil-directed rigs were also added in the United States for the…

November 12, 2021
Canada Natural Gas, Oil Drilling Forecast to Accelerate in 2022, Topping Pre-Pandemic Levels

Canada Natural Gas, Oil Drilling Forecast to Accelerate in 2022, Topping Pre-Pandemic Levels

Canadian natural gas and oil drilling should expand  in 2022 at a brisk pace that tops activity in 2019, before Covid-19 disrupted the industry, according to the Petroleum Services Association of Canada. A new forecast by the industry group is projecting there will be 5,400 Canadian wells in 2022, up from 5,100 in 2019, 2,850…

November 12, 2021
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