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One Natural Gas Rig Added in U.S. as Oil Patch Paces Growth in Domestic Drilling Activity

One Natural Gas Rig Added in U.S. as Oil Patch Paces Growth in Domestic Drilling Activity

The U.S. natural gas rig count increased one unit to 94 during the week ended Friday (April 16) as gains in the oil patch paced a week of healthy growth in domestic drilling activity, according to the latest data from Baker Hughes Co. (BKR).  Along with the addition of one gas rig, an increase of…

April 16, 2021
Bakken Shale Faces 400,000 b/d Shut-Ins from DAPL Closure

Bakken Shale Faces 400,000 b/d Shut-Ins from DAPL Closure

North Dakota’s Bakken Shale could experience up to 400,000 b/d of shut-ins for an interim period if a federal court hearing set for Monday results in the forced closure of the Dakota Access Pipeline (DAPL), the state’s chief oil and gas regulator said Thursday. Lynn Helms, director of the state’s Department of Mineral Resources, made…

April 16, 2021
Rigs Added in Permian, Williston as U.S. Count Up Seven

Rigs Added in Permian, Williston as U.S. Count Up Seven

Continued growth in oil-directed drilling, including gains in the Permian and Williston basins, helped lift the U.S. rig count seven units higher to 439 for the week ended Friday (April 16), according to the latest figures published by Baker Hughes Co. (BKR). An increase of seven oil-directed rigs and one natural gas-directed rig offset the…

April 16, 2021
Led by Texas, Eight E&Ps, Five OFS Operators Sought Chapter 11 in 1Q

Led by Texas, Eight E&Ps, Five OFS Operators Sought Chapter 11 in 1Q

Eight of North America’s oil and gas producers filed for bankruptcy during the first three months of this year, the highest quarterly total since 2016, according to Haynes and Boone LLC. The law firm, which has monitored North American producer Chapter 11 filings since 2015, on Thursday issued its latest report covering 1Q2021. It also…

April 16, 2021
Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast

Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast

Despite projected gains from the Permian Basin and Haynesville Shale, overall natural gas production from seven key U.S. onshore regions is set to decline from April to May, according to updated figures released Monday by the U.S. Energy Information Administration (EIA). Total output from the seven regions — the Anadarko, Appalachia and Permian basins, as…

April 12, 2021
Natural Gas Rigs Up Two in U.S. as GOM Activity Declines

Natural Gas Rigs Up Two in U.S. as GOM Activity Declines

The U.S. natural gas rig count climbed two units to 93 for the week ended Friday (April 9) as an uptick in land drilling offset a pullback in the Gulf of Mexico, according to data published by Baker Hughes Co. (BKR). U.S. oil-directed rigs remained unchanged overall at 337. The total U.S. rig count ended…

April 9, 2021
U.S. Adds Two Rigs Overall Amid Land Gains, Offshore Declines

U.S. Adds Two Rigs Overall Amid Land Gains, Offshore Declines

With gains on land offsetting a pullback in Gulf of Mexico activity, the U.S. rig count added two units to finish the week ended Friday (April 9) at 432, according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). Two natural gas-directed rigs were added during the week in the United…

April 9, 2021
Bonanza Creek Moderating DJ Well Completions to Optimize HighPoint Takeover

Bonanza Creek Moderating DJ Well Completions to Optimize HighPoint Takeover

With its takeover of fellow Colorado pure-play HighPoint Resources Corp. now complete, Bonanza Creek Energy Inc. is looking to optimize the combined well completions and midstream gathering needs, according to CEO Eric Greager. Bonanza Creek completed its merger with HighPoint on April 1. The closing allows the Denver-Julesburg (DJ) Basin operator to revamp the overall…

April 9, 2021
U.S. E&Ps Reining in Capex, while International Operators Spending More

U.S. E&Ps Reining in Capex, while International Operators Spending More

U.S. oil and gas producers are likely to reduce their capital spending this year by around 8% as they remain “extremely disciplined, yes, really,” based on a global survey by Raymond James & Associates Inc. Analysts Pavel Molchanov, John Freeman and Graham Price compiled the 2021 projections in the firm’s eighth annual capital expenditure (capex)…

April 5, 2021
Natural Gas Rig Count Steady at 92 as Oil Growth Continues

Natural Gas Rig Count Steady at 92 as Oil Growth Continues

The U.S. natural gas rig count went unchanged at 92 during the week ended Friday (March 26), while another round of gains in the oil patch drove continued growth in overall domestic drilling activity, according to data from Baker Hughes Co. (BKR). After adding nine rigs in the previous week, the U.S. oil patch picked…

March 26, 2021
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