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Drop in Permian Sends U.S. Rig Count Lower; Natural Gas Activity Rises

Drop in Permian Sends U.S. Rig Count Lower; Natural Gas Activity Rises

Driven by a sharp pullback in the Permian Basin, the U.S. rig count dropped five units to 760 for the week ended Friday (Sept. 2), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically for the week included a nine-rig decline in oil-directed drilling, partially offset by a…

September 2, 2022
U.S. Natural Gas Drilling Activity Eases Lower in Latest Baker Count

U.S. Natural Gas Drilling Activity Eases Lower in Latest Baker Count

The U.S. natural gas rig count fell one unit to 160 for the week ended Friday (Aug. 12), helping to send the overall domestic tally one unit lower to 763, according to the latest Baker Hughes Co. (BKR) data. Net changes domestically for the week included a three-rig increase in oil-directed drilling. However, a decline…

August 12, 2022
Marcellus Activity Slows as U.S. Drilling Total Falls in Latest Baker Count

Marcellus Activity Slows as U.S. Drilling Total Falls in Latest Baker Count

Driven in part by a slowdown in Marcellus Shale activity, the U.S. rig count eased one unit lower to finish at 763 for the week ended Friday (Aug. 12), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically for the week included a three-rig increase in oil-directed drilling. However,…

August 12, 2022
Natural Gas Activity Rises in U.S. as Oil Count Falls

Natural Gas Activity Rises in U.S. as Oil Count Falls

The U.S. natural gas rig count rose four units to 161 during the week ended Friday (Aug. 5), while a seven-rig decline in oil-directed drilling dropped the overall domestic tally three units to 764, according to the latest count from Baker Hughes Co. (BKR). The 764 active rigs as of Friday represents a 273-rig increase…

August 5, 2022
Domestic Oil Drilling Slows, Including Permian Activity, in Latest Baker Tally

Domestic Oil Drilling Slows, Including Permian Activity, in Latest Baker Tally

A drop in oil-directed drilling, including in the Permian Basin, saw the overall U.S. rig count drop three units to 764 for the week ended Friday (Aug. 5), updated numbers from Baker Hughes Co. (BKR) show. Changes in the United States included a net decline of seven oil-directed rigs, partially offset by a four-rig increase…

August 5, 2022
U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

The U.S. natural gas rig count rose two units to 157 for the week ended Friday (July 29), while a six-rig increase in oil-directed drilling helped lift the combined domestic count nine units higher to 767, according to updated figures from Baker Hughes Co. (BKR). Along with the higher natural gas- and oil-directed drilling totals,…

July 29, 2022
Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec

Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec

The Permian Basin is driving U.S. oil and gas production growth for Chevron Corp., helped by low development costs, substantial efficiency improvements and low carbon intensity, management said Friday. CFO Pierre Breber and Executive Vice President of Upstream Jay Johnson hosted a conference call to discuss the San Ramon, CA-based major’s second quarter earnings.  Amid…

July 29, 2022
Texas Tally Rises, Lifting U.S. Drilling Total Higher in Latest Baker Count

Texas Tally Rises, Lifting U.S. Drilling Total Higher in Latest Baker Count

With activity climbing in Texas, the U.S. rig count surged nine units higher to 767 for the week ended Friday (July 29), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Oil-directed drilling increased by six rigs domestically, with two natural gas-directed rigs and one miscellaneous unit also added for the…

July 29, 2022
Natural Gas Drilling Total Unchanged in U.S. as Overall Tally Rises on Oil Gains

Natural Gas Drilling Total Unchanged in U.S. as Overall Tally Rises on Oil Gains

The U.S. natural gas rig count went unchanged at 153 for the week ended Friday (July 15), while an uptick in the oil patch helped lift the overall domestic drilling tally four units higher to 756, according to updated numbers from Baker Hughes Co. (BKR). Gains in the United States for the week included two…

July 15, 2022
Lower 48 Permitting Slips as Permian Dips, but Haynesville, Eagle Ford, Bakken Rip

Lower 48 Permitting Slips as Permian Dips, but Haynesville, Eagle Ford, Bakken Rip

The U.S. oil and gas drilling rig count is steadily rising, but permitting activity is a bit more wobbly, as the Lower 48 recorded a double-digit monthly dip in May. According to data compiled by Evercore ISI using state and federal information, Lower 48 permitting plunged by 17% in May, month/month (m/m). The Permian Basin…

June 22, 2022
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