U.S. exploration companies have expressed uncertainty about the direction of the energy markets this year, but one thing they are sure about is natural gas-powered pressure pumping fleets, which should support “durable, multi-year” opportunities, top oilfield executives said. Halliburton Co., one of the world’s largest oilfield services (OFS) companies, and Liberty Energy Inc., the No.…
Rigs
Articles from Rigs
U.S. Adds Three Natural Gas Rigs as Oil Tally Eases Lower, BKR Data Show
Including gains in the Marcellus Shale, the U.S. natural gas rig count climbed three units to 120 for the week ended Friday (Jan. 19), according to the latest tally from Baker Hughes Co. (BKR). After a two-rig decline in oil drilling, the combined U.S. rig count finished at 620, up one week/week. That’s down from…
Natural Gas Drilling Slows in BKR’s Latest U.S. Count, Including Decline in Haynesville
The U.S. natural gas rig count fell two units to 118 for the week ended Friday (Jan. 5), including a small decrease in activity in the Haynesville Shale, according to data from oilfield services provider Baker Hughes Co. (BKR). Including a one-rig increase in the U.S. oil patch, the combined domestic rig count finished the…
Natural Gas Drilling Steady as U.S. Oil Count Nudges Higher, BKR Data Show
The U.S. natural gas rig count held steady at 120 for the week ended Friday (Dec. 29), while the overall domestic drilling total nudged two units higher to 622 amid gains in oil activity, according to the latest numbers from Baker Hughes Co. (BKR). Land drilling increased by one rig domestically for the period, with…
Haynesville Notches One Rig as U.S. Natural Gas Drilling Creeps Higher in BKR Tally
The U.S. natural gas rig count added one unit to climb to 120 for the week ended Thursday (Dec. 21), while declines in the oil patch helped drop the overall domestic tally by three to 620, according to the latest figures from Baker Hughes Co. (BKR). The 120 active U.S. natural gas rigs as of…
Consolidation Wave Hits Haynesville with TGNR Acquiring Rockcliff for $2.7B
Natural gas producer TG Natural Resources LLC (TGNR) has entered a deal to acquire fellow Haynesville Shale heavyweight Rockcliff Energy II LLC for $2.7 billion. Rockcliff, which is backed by private equity firm Quantum Capital Group, operates in the East Texas portion of the Haynesville, which also straddles northwestern Louisiana. Rockcliff operates across more than…
U.S. Natural Gas Rigs Steady at 119 in Latest Baker Hughes Tally
The U.S. natural gas rig count held steady at 119 for the week ended Friday (Dec. 15), while the overall number of domestic rigs eased lower on a slowdown in oil-directed activity, according to updated figures from Baker Hughes Co. (BKR). Domestic natural gas rigs ended the period down 35 from the 154 rigs active…
Haynesville Adds Rigs as U.S. Natural Gas Count Rises to 119
The U.S. natural gas rig count climbed three units to 119 for the week ended Friday (Dec. 8), including an uptick in Haynesville Shale activity, the latest figures from Baker Hughes Co. (BKR) show. Oil-directed drilling declined by two rigs domestically, and the combined U.S. rig count finished the period at 626, up one rig…
Natural Gas Rig Counts Stabilize and Production Powers Up, Pointing to ‘Massive’ Oversupply into 2024
The combination of relatively soft weather-driven demand and record production put the U.S. natural gas market on a path to price-pressuring oversupply well into 2024, a growing chorus of analysts cautioned in November. “We are bearish on U.S. natural gas,” Goldman Sachs Group’s Samantha Dart said bluntly. First things first: U.S. production reached record levels…
Southwestern CEO Sees Haynesville Producer Discipline, LNG Demand Boosting Natural Gas Prices
The management team of Southwestern Energy Co. sees strengthening natural gas prices on the horizon, as U.S. producers tap the brakes on output and LNG exports continue to rise. CEO Bill Way hosted a conference call to discuss third quarter results for the natural gas-weighted independent, which operates in the Appalachian Basin and the Haynesville…