Continental Resources Inc. is betting that the sell-off in crude oil has hit bottom and has monetized nearly all of its hedge positions through 2016, while keeping about one-third of its natural gas hedged in 2015 at an average price of $4.34/Mcf.
Rigs
Articles from Rigs
Customer Demand Drives Patterson-UTI Focus on High-Tech Rigs, HP
Patterson-UTI Energy Inc. (PTEN) expects to have an estimated 27% more in onshore horsepower capacity for its pressure pumping fleet services by the middle of 2015 as customers push for more intense hydraulic fracturing (frack) services, executives said Thursday.
October 23, 2014
U.S. Land Rig Activity Rebounds Sharply, Says Nabors CEO
Demand for new onshore rigs in the U.S. Lower 48, combined with a big rebound in hydraulic fracturing (fracking) services, lifted Nabors Industries Ltd. to better-than-expected improvement in all of the U.S. operations during the second quarter.
July 24, 2014
Nabors Tie-Up With C&J to Create Giant North American Completions Business
C&J Energy Services Inc. late Wednesday agreed to merge with Nabors Industries Ltd.’s completions arm in a $2.86 billion deal that would create one of the largest hydraulic fracturing (fracking) businesses in North America.
June 26, 2014
More Than Ever, Permian Drillbits Going Sideways
Over the last five months, the number of horizontal drilling rigs targeting oil in the Permian Basin of West Texas and southeastern New Mexico has climbed by more than five dozen, according to the U.S. Energy Information Administration (EIA), marking a steep ramp-up in activity.
May 15, 2014
H&P Raises Capex on Permian Activity, Demand for FlexRigs
The U.S. onshore operations of Helmerich & Payne Inc. (H&P) are the continuing benefactor of increasing drilling activity, particularly in the Permian Basin, recovering spot pricing levels and a pressing need for more specialized rigs, the company’s CEO said Thursday.
April 25, 2014
PTEN Reports Escalating Demand for High-Spec U.S. Land Rigs
Icy weather idled crews and equipment across the United States during the first quarter, but demand for specialized rigs remained strong, Patterson-UTI Energy Inc. (PTEN) management reported Thursday.
April 24, 2014
Patterson-UTI Sees Bright 2014 on Increased Rig, Services Demand
Patterson-UTI Energy Inc.’s (PTEN) stock rose dramatically Thursday after it reported not only high demand for its specialized onshore walking rigs, but customers taking rigs without updated equipment to keep up with rising Permian Basin activity.
February 7, 2014
Chesapeake Trims Spending, Raises Rigs in Haynesville
The days of freely spending money at Chesapeake Energy Corp. are through as capital discipline takes over from wheeling and dealing, CEO Doug Lawler said Thursday.
February 6, 2014
Winter’s Wrath Cost Pioneer 6,000 boe/d of Q4 Production
Pioneer Natural Resources Co.’s fourth quarter production was dinged by about 6,000 boe/d due to severe winter weather in Texas that affected mainly the Permian Basin region. Operations are now back to normal, the company said Tuesday in a production update.
January 22, 2014
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