The Baker Hughes Inc. count of rigs running in unconventional basins declined by two to end at 650 on Friday (June 12). Most of the basins held steady for the week, and the declines were spread out.
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Rig Retreat Continues; Shale Production Declines Noted
The United States experienced a net decline of nine operating drilling rigs in the latest Baker Hughes Inc. count released Friday (June 12). Land-based, horizontal and oil-directed units led the retreat. Meanwhile, Canada added 11 rigs as drilling season returns to the frozen north.
June 12, 2015
Rig Count Continues Downward Trend
The U.S. land-based oil and natural gas rig count declined by seven in the latest tally, issued Friday, June 5, by Baker Hughes Inc. Three natural gas-directed rigs packed it in while four oil-directed rigs were taken out of service.
June 5, 2015
Eagle Ford, Texas Give Up Most Rigs in Latest Count
The Eagle Ford Shale and its home state of Texas were the biggest losers among plays and states, respectively, in the latest Baker Hughes Inc. tally of active U.S. drilling rigs.
June 5, 2015
Contract Drilling Market on Down Cycle Into 2016
With U.S. onshore drilling activity declining and exploration budgets slashed, the outlook for the contract drilling sector remains negative through the rest of this year, Standard & Poor's (S&P) analysts said Friday.
June 5, 2015
Rig Count Continues Downward Trend
The U.S. land-based oil and natural gas rig count declined by seven in the latest tally, issued Friday, June 5, by Baker Hughes Inc. Three natural gas-directed rigs packed it in while four oil-directed rigs were taken out of service.
June 5, 2015
Eagle Ford, Texas Give Up Most Rigs in Latest Count
The Eagle Ford Shale and its home state of Texas were the biggest losers among plays and states, respectively, in the latest Baker Hughes Inc. tally of active U.S. drilling rigs.
June 5, 2015
Contract Drilling Market on Down Cycle Into 2016
With U.S. onshore drilling activity declining and exploration budgets slashed, the outlook for the contract drilling sector remains negative through the rest of this year, Standard & Poor’s (S&P) analysts said Friday.
June 5, 2015
Gas-Directed Rigs Added as Latest Count Shows Modest Changes Across Plays
More evidence that producers are turning to natural gas emerged in the latest Baker Hughes Inc. count of active drilling rigs, which covers the week ending May 29. The most recent count shows that while active oil-directed rigs in the United States declined by 13, three rigs were added on the natural gas side.
May 29, 2015
Rigs Falling Again, But Domestic Crude Production Decline? Wait For It…
The long-falling count of rigs pursuing U.S. crude oil, had slowed its pace a week ago but gathered speed again in the latest Baker Hughes Inc. census released Friday for the week ending May 29.
May 29, 2015
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