Upstream

U.S. Drilling Total Slides on Drop in Natural Gas Activity

U.S. Drilling Total Slides on Drop in Natural Gas Activity

The U.S. natural gas rig count fell four units to 153 during the week ended Friday (July 1), offsetting a one-rig increase in the oil patch to drop the overall domestic tally three units to 750, the latest numbers from Baker Hughes Co. (BKR) show. The 750 active U.S. rigs as of Friday compares with…

July 1, 2022
Natural Gas Drilling Decline Drives U.S. Upstream Activity Lower in Latest Baker Count

Natural Gas Drilling Decline Drives U.S. Upstream Activity Lower in Latest Baker Count

A decline in natural gas-directed drilling saw the U.S. rig count fall three units to 750 for the week ended Friday (July 1), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). One oil-directed rig was added domestically for the week, while natural gas-directed rigs declined by four. The combined 750…

July 1, 2022
PDC’s DJ Well Inventory Climbs by 99 in June with Latest Colorado Regulatory Approval

PDC’s DJ Well Inventory Climbs by 99 in June with Latest Colorado Regulatory Approval

PDC Energy Inc. has gained approval by Colorado regulators for a 30-well oil and natural gas development program in Weld County. The Colorado Oil and Gas Conservation Commission (COGCC) approved the Broe Oil and Gas Development Plan (OGDP), PDC said Wednesday. The Denver-based producer acquired the Broe OGDP in Weld County during May, when it…

July 1, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

June 30, 2022
U.S. Natural Gas Drilling Up in Latest Baker Tally; Oil Count Surges

U.S. Natural Gas Drilling Up in Latest Baker Tally; Oil Count Surges

The U.S. natural gas rig count added three units to reach 157 for the week ended Friday (June 24), while a surge in oil-directed drilling lifted the combined domestic count 13 units higher to 753, the latest numbers from Baker Hughes Co. (BKR) show. Along with the three natural gas-directed rigs, domestic drilling gains for…

June 24, 2022
Surge in Oil Patch Lifts U.S. Drilling Tally by Double Digits in Latest Baker Count

Surge in Oil Patch Lifts U.S. Drilling Tally by Double Digits in Latest Baker Count

The U.S. rig count surged 13 units higher to 753 during the week ended Friday (June 24), driven by growth in the oil patch, the latest figures from oilfield services provider Baker Hughes Co. (BKR) show. Domestic drilling gains for the week included 10 oil-directed rigs and three natural gas-directed rigs. The 753 active U.S.…

June 24, 2022
Natural Gas Drilling Tally Up Three; Oil Activity Also Climbs

Natural Gas Drilling Tally Up Three; Oil Activity Also Climbs

The U.S. natural gas rig count rose three units to finish at 154 for the week ended Friday (June 17), while another round of oil drilling gains helped push the combined domestic tally seven units higher to 740, updated numbers from Baker Hughes Co. (BKR) show. Four oil-directed rigs were added alongside the three natural…

June 17, 2022
U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

The U.S. rig count climbed seven units to 740 during the week ended Friday (June 17) on a combination of gains in both oil- and natural gas-directed drilling, according to the latest numbers from Baker Hughes Co. (BKR). Four oil-directed rigs and three natural gas-directed rigs were added in the United States for the week,…

June 17, 2022
Continued Uncertainty Has Some Upstream Firms Eying Mexico Exit, Industry Expert Says

Continued Uncertainty Has Some Upstream Firms Eying Mexico Exit, Industry Expert Says

In the Mexico energy industry, the prevailing challenge “is the uncertainty about when the rules are going to change again,” said Alma Del Toro, President of Blue Bull Energy. “And because Mexico keeps changing its mind, that creates the worst nightmare for any investor.” Del Toro, who has more than 25 years of experience in…

June 10, 2022
Natural Gas Upstream Activity Flat in U.S. as Canadian Oil Drilling Surges

Natural Gas Upstream Activity Flat in U.S. as Canadian Oil Drilling Surges

The U.S. natural gas rig count held steady at 151 during the week ended Friday (June 10), while an uptick in oil-directed drilling lifted the combined U.S. tally six units to 733, updated numbers from Baker Hughes Co. (BKR) show. Domestically, gains of five land-directed rigs and two rigs in inland waters were partially offset…

June 10, 2022
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