Rigs

The latest Wyoming oil and natural gas lease sale garnered $13.2 million for more than 35,700 acres in the Powder River and Green River basins, and at least two more quarterly lease sales are planned.  The Bureau of Land Management (BLM) offered 81 parcels in the quarterly sale, with 53 sold. The highest bid per…

U.S. upstream activity continued to slow during the week ended Friday (Aug. 25) as total active domestic rigs fell by 10 to 632, largely driven by declines in oil-directed drilling, the latest figures from Baker Hughes Co. (BKR) show. Changes in the United States for the period included a decline of eight oil-directed rigs, alongside…

A slowdown in natural gas-directed drilling in the United States for the week ended Friday (Aug. 11) dropped the overall domestic tally five units to 654, according to the latest figures from Baker Hughes Co. (BKR). Domestic oil-directed drilling was unchanged overall for the period, while the five-rig decrease lowered the natural gas count to…

A pullback in Haynesville Shale drilling saw the U.S. natural gas rig count fall six units to finish at 124 for the week ended Friday (June 30), while a modest decline in the oil patch left the combined domestic tally down eight to 674, according to the latest figures from Baker Hughes Co. (BKR). The…

Lower 48 natural gas and oil permitting fell in May from April and dipped 11% from a year ago, driven by a pullback in smaller U.S. basins, according to Evercore ISI. Energy analysts led by James West each month review state and federal permitting to determine trends in activity. Once an onshore permit is issued,…

The U.S. rig count posted a second straight double-digit decline during the week ended Friday (May 19), this time with losses hitting the oil patch, the latest figures from Baker Hughes Co. (BKR) show. U.S. operators shelved 11 rigs — all oil-directed — for the period, dropping the domestic tally to 720, lagging the year-earlier…

Natural gas futures traders shrugged off continued mild weather forecasts and elevated supply data, seizing instead on a sharp drop in the weekly rig count to push prices higher for a second day. At A Glance: Bargain buying continues Rig count invigorates bulls NGI sees 110 Bcf injection Following a 7.6-cent gain to close out…

U.S. drillers dropped seven rigs overall during the week ended Friday (May 5), with cuts focused in Texas and the Permian Basin in particular, the latest numbers from Baker Hughes Co. (BKR) showed. Declines of four natural gas-directed rigs and three oil-directed rigs saw the combined domestic tally finish the period at 748, versus 705…

The U.S. natural gas rig count climbed two units to 161 for the week ended Friday (April 28), while a mix of regional activity changes left the domestic oil drilling count unchanged at 591, according to the latest figures from Baker Hughes Co. (BKR). The combined domestic rig count ended the period two units higher…