Analysts at U.S. Capital Advisors on Thursday published a 78-page slide deck outlining their views on the year ahead, including what’s in store for drilling activity across the various plays. Among other things, the analysts looked at operator debt burdens by play as a potential signal for where things are heading.
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Bakken Rig Count Drops Below 60, Notching Lowest Level Since 2009
The rig count in North Dakota’s Bakken Shale started the new year at 58, the lowest level since 2009, state officials told NGI’s Shale Daily on Tuesday, adding that the count is expected to fall further during the first half of the year.
Patterson-UTI Drops More North American Onshore Rigs
Patterson-UTI Energy Inc. (PTEN), one of North America’s largest onshore contract drilling and pressure pumping operators, said Tuesday it had, on average, 82 U.S. rigs and one Canadian rig working during December, compared with a year ago when 208 domestic and nine Canadian rigs were in operation.
U.S. NatGas Prices ‘Seemingly Hopeless,’ But Oil Poised for Bull Run, Says Raymond James
U.S. natural gas prices look terrible again this year and could decline another 25% from 2015 as the structural oversupply continues, Raymond James & Associates Inc. said Monday.
No Fireworks in Last Rig Count of 2015
The United States saw two oil-directed rigs and no natural gas units leave the hunt in the final rig count of 2015, according to Baker Hughes Inc.
U.S. NatGas Rigs Hold Steady in Final 2015 Tally
The last rig count of 2015 saw no change in the tally of operating natural gas rigs in the United States. But the U.S. oil rig count dropped by two, according to Baker Hughes Inc.
NGI The Weekly Gas Market Report
Offshore Rig Market Bleak, Dayrates Plummet on Significant Oversupply
The offshore rig markets, coming to terms with the worst downturn in more than a decade, still have a lot to digest as contracts continue to be cancelled and the oversupply of oil and gas continues.
U.S. NatGas Rig Count at Lowest on Record
The U.S. rig count fell again in the report released by Baker Hughes Inc. on Wednesday (Dec. 23), two days earlier than usual to accommodate the Christmas holiday.
U.S. Drops Three Oil, Six NatGas Rigs
The U.S. rig count fell again in the report released by Baker Hughes Inc. on Wednesday (Dec. 23), two days earlier than usual to accommodate the Christmas holiday.
Southwestern Idles Last Two Fayetteville Rigs Through End of 2015
Southwestern Energy Co. has idled its Fayetteville Shale drilling program for the remainder of 2015.