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U.S. Natural Gas Rig Count Steady, but More Oil Rigs Exit Patch

U.S. Natural Gas Rig Count Steady, but More Oil Rigs Exit Patch

The U.S. natural gas rig count finished unchanged at 69 for the week ended Friday (Aug. 7), while yet another round of losses in the oil patch saw the combined domestic tally grind lower, according to the latest numbers from Baker Hughes Co. (BKR). The overall U.S. rig count dropped four units — all oil-directed…

August 7, 2020
Oil Count Retreats Further as Permian Rigs Exit Patch

Oil Count Retreats Further as Permian Rigs Exit Patch

Yet another round of losses in the oil patch saw the U.S. rig count slide four units to 247 for the week ended Friday (Aug. 7), according to updated numbers from Baker Hughes Co. (BKR). Total oil-directed rigs in the United States fell four units to 176, while natural gas-directed rigs held steady at 69.…

August 7, 2020
One U.S. Natural Gas Rig Added as Count Shows Signs of Bottoming

One U.S. Natural Gas Rig Added as Count Shows Signs of Bottoming

The U.S. natural gas rig count increased one unit to 69 for the week ended Friday (July 24) as the latest Baker Hughes Co. (BKR) numbers offered further indication that domestic drilling activity is leveling off following the Covid-induced collapse earlier this year. The overall U.S. rig count finished unchanged at 251 for the week,…

July 31, 2020
U.S. Rig Count Unchanged as Pandemic-Induced Collapse Leveling Off

U.S. Rig Count Unchanged as Pandemic-Induced Collapse Leveling Off

In a further sign that the post-Covid collapse in domestic drilling activity could finally be flattening out, the U.S. rig count finished unchanged at 251 during the week ended Friday (July 31), according to the latest data from Baker Hughes Co. (BKR). A one-rig increase in natural gas-directed rigs offset the departure of one oil-directed…

July 31, 2020
Hess Sees Bakken Oil Production Climb 26% in 2Q

Hess Sees Bakken Oil Production Climb 26% in 2Q

Hess Corp. saw net production from its acreage in the Bakken Shale increase to 194,000 boe/d in the second quarter compared with 140,000 boe/d in the prior-year quarter, with net oil output up 26% to 108,000 b/d. The New York City-based independent attributed the performance to increased wells online and improved well performance. Total second…

July 30, 2020
Helmerich & Payne Looking to Performance-Based Rig Contracts as Covid-19 Assaults Activity

Helmerich & Payne Looking to Performance-Based Rig Contracts as Covid-19 Assaults Activity

Tulsa-based Helmerich & Payne Inc. (H&P), which fabricates and operates a fleet of high-performance drilling rigs around the world, is aligning operations toward performance-based commercial models rather than the industry standard dayrates to build customer support, CEO John Lindsay said Wednesday. What historically were separate U.S. Land Operations and HP Technologies business segments have been…

July 29, 2020
Led by Permian, U.S. Oil Rigs Tally First Net Gain Since March, BKR Data Show

Led by Permian, U.S. Oil Rigs Tally First Net Gain Since March, BKR Data Show

Further retrenchment in natural gas-directed drilling dropped the overall U.S. rig count two units to 251 for the week ending Friday (July 24), but the domestic oil count edged higher for the first time in months, according to the latest data from Baker Hughes Co. (BKR). The United States added one oil-directed rig for the…

July 24, 2020
Four Natural Gas Rigs Exit in U.S. Amid Further Declines in Domestic Drilling Activity

Four Natural Gas Rigs Exit in U.S. Amid Further Declines in Domestic Drilling Activity

The U.S. natural gas rig count fell four units to finish at 71 for the week ending Friday (July 17) as domestic drilling activity continued on a downward trajectory, the latest numbers from Baker Hughes Co. (BKR) show. With one oil-directed rig also exiting the patch, the U.S. rig count fell five units to finish…

July 17, 2020
Utica, Haynesville Down as U.S. Drops Five Rigs

Utica, Haynesville Down as U.S. Drops Five Rigs

A drop-off in the Utica and Haynesville shales saw the U.S. rig count fall five units to finish at 253 for the week ending Friday (July 17), according to the latest figures from Baker Hughes Co. (BKR). Four natural gas-directed rigs exited the patch in the United States during the week, joined by one oil-directed…

July 17, 2020
U.S. Down One Natural Gas Rig, Oil Patch Down Four

U.S. Down One Natural Gas Rig, Oil Patch Down Four

The U.S. natural gas rig count fell one unit to 75 for the week ending Friday (July 10), while more losses in the oil patch ensured that the combined domestic tally would extend a months-long slide, the latest numbers from Baker Hughes Co. (BKR) show. After the departure of four oil-directed rigs in the United…

July 10, 2020
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