Rigs

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…

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…

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…

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.…

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…

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…

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…

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…

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…