Upstream

Bolstered by activity gains in the Denver Julesburg (DJ)-Niobrara Basin, the U.S. rig count rose two units to reach 771 for the week ended Friday (Oct. 21), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically included a two-rig increase in oil-directed drilling, with natural gas-directed drilling unchanged…

Liberty Energy Inc. CEO Chris Wright said threats to the global economy – from inflation and soaring interest rates in the United States and Europe to pandemic-related lockdowns in China – are real and could impact demand for natural gas and oil. However, for exploration and production (E&P) companies and the completion experts such as…

Mexico needs to focus on ensuring it has adequate energy supplies to meet demand and should try to develop its rich natural gas resources, said Fernando Cruz, Mexico Director of Scotland-based Dolphin Drilling. Cruz added, “I think we must understand that energy security is more important than sovereignty. And as we know, energy security implies…

The U.S. natural gas rig count fell one unit to 157 for the week ended Friday (Oct. 14), while strong growth in the oil patch lifted the combined domestic tally seven units higher to 769, according to updated numbers from Baker Hughes Co. (BKR). Changes domestically included an eight-rig increase in oil-directed rigs. Six rigs…

Driven by gains in the oil patch, the U.S. rig count jumped seven units higher to 769 for the week ended Friday (Oct. 14), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Changes domestically included an eight-rig increase in oil-directed rigs, partially offset by a one-rig decline in natural gas-directed…

Mexico, the United States and Canada continue to work through their trade policy differences as the world’s energy supply becomes an increasing piece of geopolitical gamesmanship. It has been 75 days since U.S. Trade Representative (USTR) Katherine Tai announced that her office was requesting dispute settlement consultations with Mexico centered around energy. Under rules of…

The U.S. natural gas rig count slid one unit lower to 159 for the week ended Friday (Sept. 30), while a small increase in oil activity pushed the overall domestic tally one unit higher to 765, according to the latest numbers from Baker Hughes Co. (BKR). Total oil rigs increased by two domestically week/week. The…

The U.S. rig count inched higher during the week ended Friday (Sept. 30), picking up one unit to end at 765 thanks to a small overall gain in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). Two oil-directed rigs were added in the United States for the week. Partially offsetting…

Private sector producers in Mexico reported record oil volumes of 106,120 b/d in August, up from 63,414 b/d a year earlier, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). Three private sector-operated shallow water fields – all of which were awarded through the Round 1.2 bidding process in 2015 – reported record oil production…