Rigs

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,…

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…

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…

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…

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…

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…

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…

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…

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…