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U.S. Natural Gas Rig Count Up Four as Domestic Drilling Total Rises Again

U.S. Natural Gas Rig Count Up Four as Domestic Drilling Total Rises Again

The U.S. natural gas rig count climbed four units to 92 for the week ending Friday (Feb. 5), matching gains in the oil patch as overall domestic drilling activity continued its upward climb for the period, according to the latest data from Baker Hughes Co. (BKR). The United States saw a net increase of four…

February 5, 2021
Permian, Haynesville, Utica Rig Totals Climb as U.S. Adds Eight Units

Permian, Haynesville, Utica Rig Totals Climb as U.S. Adds Eight Units

Propelled by growing activity across the Permian Basin and the Haynesville and Utica shales, the U.S. rig count rose eight units to 392 for the week ending Friday (Feb. 5), according to the latest numbers from Baker Hughes Co. (BKR). The United States saw a net increase of four natural gas-directed rigs for the week,…

February 5, 2021
California Oil, Gas Drilling Hits Historic Lows in 2020

California Oil, Gas Drilling Hits Historic Lows in 2020

New oil and natural gas drilling hit historic lows in California last year while a renewed emphasis on abandoned wells turned up a record high number of permanently sealed wells, the state Geologic Energy Management Division (CalGEM) reported Wednesday. The severe downturn in permitting and new drilling can be seen as a result of the…

January 25, 2021
Gains in Natural Gas Patch Help Continue Recovery in U.S. Rig Activity

Gains in Natural Gas Patch Help Continue Recovery in U.S. Rig Activity

The U.S. rig count increased five units to 378 for the week ending Friday (Jan. 22), with gains distributed across both oil- and natural gas-focused drilling, according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). The United States saw a net increase of three natural gas-directed rigs, along with two oil-directed…

January 22, 2021
Outgoing Trump Administration Warns of U.S. Economic Disaster if Fracking Banned

Outgoing Trump Administration Warns of U.S. Economic Disaster if Fracking Banned

A ban on hydraulic fracturing, a key technique used to complete unconventional oil and natural gas wells, could reverse U.S. production growth and lead the country backwards to become a net importer once again by as soon as 2025, the outgoing Trump administration warned in a report issued Thursday. The Department of Energy’s (DOE) outgoing…

January 15, 2021
U.S. Count Adds Baker’s Dozen on Gains in Oil Patch; One Natural Gas Rig Added

U.S. Count Adds Baker’s Dozen on Gains in Oil Patch; One Natural Gas Rig Added

The U.S. natural gas rig count climbed one unit to 85 for the week ending Friday (Jan. 15), while the number of active oil rigs surged by double digits, according to data published by Baker Hughes Co. (BKR). The latest BKR numbers, which are based on data provided in part by Enverus, showed a net…

January 15, 2021
Permian Posts Double-Digit Rig Increase, Spurring U.S. Count Higher

Permian Posts Double-Digit Rig Increase, Spurring U.S. Count Higher

A surge in oil-directed drilling led by the Permian Basin sent the U.S. rig count 13 units higher to 373 for the week ending Friday (Jan. 15), according to data published by Baker Hughes Co. (BKR). The latest BKR numbers, which are based on data provided in part by Enverus, showed an increase of 12…

January 15, 2021
Ovintiv Facing Investor Ire to Improve Performance or Potential Board Upheaval

Ovintiv Facing Investor Ire to Improve Performance or Potential Board Upheaval

Denver-based Ovintiv Inc., whose onshore oil and gas portfolio stretches from Canada to Texas, could face a board shakeup if performance does not improve, shareholder Kimmeridge Energy Management Co. LLC warned on Thursday. The private equity, which has a 2.4% stake in the exploration and production (E&P) company, has launched a website and sent a…

January 15, 2021
Mexico’s Leading Private Natural Gas Producer Secures 2021 Work Plan Approval

Mexico’s Leading Private Natural Gas Producer Secures 2021 Work Plan Approval

Mexico’s upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH) on Tuesday approved three exploration and production (E&P) work plans for 2021 that entail combined investment of $115.7 million. Servicios Múltiples de Burgos, S.A. de C.V. (SMB), a 50/50 joint venture between Tecpetrol SA and Industrial Perforadora de Campeche (IPC), obtained the green light…

January 13, 2021
Texas Oil, Natural Gas Well Inspections Tracking Ahead of Target

Texas Oil, Natural Gas Well Inspections Tracking Ahead of Target

One quarter into the 2021 fiscal year, the Railroad Commission of Texas (RRC) is ahead of its goal to have 5% or less of the oil and natural gas wells in the state uninspected at least once every five years. Only 4.28% of the nearly 440,000 wells in Texas have not been inspected at least…

January 11, 2021