Drillers active in the United States dropped nine natural gas-directed rigs and added one oil rig, according to the latest Baker Hughes Inc. rig count for the week ending Aug. 28.
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Articles from Rigs
U.S. Drops Eight Rigs; Last One Leaves TMS
The North American active rig count dropped by 20 in the latest Baker Hughes Inc. tally, with Canada letting go of a dozen rigs and the United States giving up eight. The decline is in step with the “lower for longer” talk on commodity prices that pervades the industry.
August 28, 2015
Raymond James Sees Onshore Rig Count Declining 45% from 2014
U.S. oilfield activity over the next year is going to be ugly, but a robust recovery should be underway in 2017, led by the Permian Basin, Eagle Ford and Bakken shales, Raymond James & Associates Inc. said Monday.
August 24, 2015
Gas Rigs Steady in U.S., Canada; Analyst Hints at Fall Marcellus Surprise
The U.S. and Canadian natural gas-directed rig counts were both unchanged in the latest tally from Baker Hughes Inc.
August 21, 2015
Two More U.S. Oil Rigs Pursuing Even Fewer Dollars
In the United States, two more oil-directed rigs entered the hunt, according to the latest Baker Hughes Inc. rig count released Friday (Aug. 21). Meanwhile, oil prices dropped below $40/bbl for the first time since 2009. If companies are actually making money at these prices, then that darkens the outlook for price recovery, analysts warned.
August 21, 2015
Good Production, Prices Concentrate in Four North Dakota Counties
The continued strong production and favorable breakeven prices for North Dakota’s Bakken Shale play are concentrated in four counties where the vast majority of the state’s greatly reduced number of drilling rigs are still operating, the latest county-by-county statistics show.
August 20, 2015
U.S. Rig Count Static; Summer Doldrums?
The number of operating U.S. oil/natural gas rigs held pat at 884 in the latest Baker Hughes Inc. count as three departed offshore service and another three were added on land. The tally is well less than half the 1,913 U.S. rigs that were running a year ago.
August 14, 2015
U.S. Rig Count Rests at 884 For Second Week
Drillers might be feeling the summer heat, and doldrums, as there was little to report in the way of change in the latest rig count by Baker Hughes Inc.
August 14, 2015
U.S. Gains 10 Rigs; Permian Sees Most Additions
The latest active rig count for North America from Baker Hughes Inc. shows a flip-flop from last week’s activity as the United States added 10 rigs and Canada dropped seven. In the previous week, Canada added rigs while the United States lost a handful (see Shale Daily,July 31).
August 7, 2015
U.S. Adding Rigs Again; 2016 Production Growth to Slow, Analysts Say
The United States added 10 rigs to its active fleet in the latest Baker Hughes rig count. That’s a switch from the week-ago count when a handful of rigs left the hunt. To the north, Canada gave up rigs, another flip from the previous week’s count.
August 7, 2015
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