The U.S. natural gas rig count fell two units to 160 for the week ended Friday (Sept. 23), while a three-rig increase in the oil patch pushed the combined domestic tally one unit higher overall to 764, according to updated numbers from Baker Hughes Co. (BKR). The combined 764 active U.S. rigs as of Friday…
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Oil Gains, Natural Gas Declines Keep U.S. Drilling Tally Steady Overall
A modest gain in oil-directed drilling offset a small decline in natural gas activity to nudge the combined U.S. rig count one unit higher to 764 for the week ended Friday (Sept. 23), according to the latest tally from Baker Hughes Co. (BKR). Oil-directed rigs increased by three overall in the United States for the…
Texas Upstream Natural Gas, Oil Industry Direct Jobs Top 200K
The direct upstream job count in the Lone Star State surpassed the 200,000 mark in August for the first time since the pandemic-related freefall in employment in 2020, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. Based on the trade group’s analysis of U.S. Bureau of Labor Statistics (BLS) data, Texas…
Biden Administration Calling for Another Do-Over of Post-Macondo Offshore Safety Rules
President Biden is moving to reinstate the post-Macondo offshore safety rules enacted by the Obama administration, which were partly undone by the Trump administration. BP plc’s deepwater Macondo well explosion in 2010 killed 11 men, destroyed the Deep Horizon drilling rig and led to the largest oil spill in U.S. history. An extensive investigation by…
U.S. Natural Gas Drilling Declines as Oil Growth Drives Overall Upstream Activity Higher
The U.S. natural gas rig count fell four units to 162 for the week ended Friday (Sept. 16), while an eight-rig increase in oil-directed drilling lifted the combined domestic tally four units higher to 763, according to updated figures from Baker Hughes Co. (BKR). The 763 active U.S. rigs as of Friday compares with 512…
Permian Leads as Oil Gains Push Baker’s U.S. Drilling Tally Higher
Driven by oil-directed drilling growth, including in the Permian Basin, the U.S. rig count rose four units to 763 during the week ended Friday (Sept. 16), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). An eight-rig increase in oil-directed drilling in the United States for the week was partially offset…
Natural Gas Drilling Rises in U.S. as Oil Activity Slows
The U.S. natural gas rig count rose four units to 166 during the week ended Friday (Sept. 9), while a slowdown in the oil patch dropped the combined domestic tally one unit overall to 759, according to the latest numbers from Baker Hughes Co. (BKR). Oil-directed rigs in the United States fell five units to…
Oil Decline Offsets Natural Gas Drilling Gain as Latest Baker U.S. Count Eases Lower
Amid gains in natural gas-directed drilling and a decline in the oil patch, the U.S. rig count eased one unit lower to finish the week ended Friday (Sept. 9) at 759, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically included a four-rig increase in natural gas-directed drilling,…
Latin American National Oil Companies Booming, but Stymied by Politics
National oil companies (NOCs) in Latin America enjoyed record profits in the second quarter on the back of high oil and gas prices, but they remain under pressure from governments facing economic crises. The high oil and gas price environment “has come with a downside which is that in the domestic market, it is very…
U.S. Natural Gas Drilling Total Rises as Oil Count Tumbles
The U.S. natural gas rig count rose four units to 162 for the week ended Friday (Sept. 2), while a sharp pullback in the Permian Basin saw the overall U.S. rig count fall five units to 760, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically for the…