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Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
Lower 48 Natural Gas, Oil Predicted to Climb in September, Says EIA

Lower 48 Natural Gas, Oil Predicted to Climb in September, Says EIA

Natural gas and oil production is predicted to increase in September month/month in the seven key producing regions of the Lower 48, according to the Energy Information Administration (EIA).  The EIA’s monthly Drilling Productivity Report (DPR), issued on Monday, highlights forecast activity in the Anadarko, Appalachia and Permian basins, Bakken, Eagle Ford and Haynesville shales,…

August 16, 2021
Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

The Eagle Ford Shale and Williston Basin led a surge in U.S. onshore drilling activity during the week ended Friday as the domestic rig count rose nine units to an even 500, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting…

August 13, 2021
Helmerich & Payne Looking to Boost Pricing as North American E&Ps Reactivate Long-Idled Rigs

Helmerich & Payne Looking to Boost Pricing as North American E&Ps Reactivate Long-Idled Rigs

Drilling expert Helmerich & Payne Inc. (H&P) said customer demand led to a 10% uptick in its  North American rig count between April and June, as demand escalates for top-of-the-line super-specs. H&P designs, fabricates and operates rigs and technologies, led by its Flex-Rig alternating current super-specs. At the end of June, the global inventory included…

August 4, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
More U.S. Natural Gas Rigs Added as Count Reaches 104

More U.S. Natural Gas Rigs Added as Count Reaches 104

The U.S. natural gas rig count climbed three units to 104 during the week ended Friday (July 16) as domestic drillers turned in another week of steady gains, the data from oilfield services provider Baker Hughes Co. (BKR) show. Three natural gas-directed rigs and two oil-directed rigs were added during the week as the overall…

July 16, 2021
U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
U.S. E&Ps Set to Unleash More Capex in 2022 on Rising Demand, Record Cash Flow

U.S. E&Ps Set to Unleash More Capex in 2022 on Rising Demand, Record Cash Flow

Capital spending by exploration and production (E&P) companies likely will continue this year at a fairly modest pace but analysts foresee expenditures rising in 2022 from strong cash flow and tighter oil and gas supply. A revival in global capital expenditures is underway following the downturn of 2020, but producers are remaining disciplined in their…

June 24, 2021
Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…

June 11, 2021
U.S. Natural Gas Rig Count Down Three as Oil Drilling Surges

U.S. Natural Gas Rig Count Down Three as Oil Drilling Surges

The U.S. natural gas rig count slid three units to finish the week ended Friday (May 14) at an even 100, while oil drilling lifted the overall domestic drilling total higher for the week, according to data from Baker Hughes Co. (BKR). Offsetting the decline in natural gas drilling, eight oil-directed rigs were added in…

May 14, 2021
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