Upstream

Texas’ upstream oil and gas employment reached 176,300 in January, representing a month/month increase of 1,200 jobs and a 16,000-job gain year/year, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. “Our industry will experience continued growth in employment in oil and gas production this year to meet growing global demand for…

The U.S. natural gas rig count climbed five units to 135 for the week ended Friday (March 11), while big gains in Texas drove a double-digit increase in the overall domestic tally, according to the latest data from Baker Hughes Co. (BKR). Including the natural gas drilling gains and an eight-rig increase in oil-directed drilling,…

A big drilling activity increase in Texas, and in the Permian Basin in particular, sent the U.S. rig count soaring 13 units higher to 663 for the week ended Friday (March 11), according to updated numbers from Baker Hughes Co. (BKR). Increases of eight oil-directed rigs and five natural gas-directed rigs saw the United States…

The U.S. natural gas rig count climbed three units to reach 130 for the week ended Friday (March 4), while declining activity in the oil patch left the overall domestic drilling tally unchanged, updated figures from Baker Hughes Co. (BKR) show. The gain of three natural gas-directed rigs was offset by a decline of three…

Amid some shuffling in rig numbers by type and basin, the overall U.S. drilling count went unchanged at 650 during the week ended Friday (March 4), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). A gain of three natural gas-directed rigs offset a decline of three oil-directed rigs for the…

Private sector oil production in Mexico hit a record high of 86,056 b/d in January, up from the previous high of 74,809 b/d set in December and 53,064 b/d in January 2021, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). The 62% year/year increase was driven largely by Fieldwood Energy LLC, which until last…

The U.S. natural gas rig count climbed three units to reach 127 during the week ended Friday (Feb. 25), driven by further activity increases in the Haynesville Shale, according to the latest tally from Baker Hughes Co. (BKR). Two oil-directed rigs were also added in the United States for the week. That left the combined…

Owing to further growth in the Haynesville Shale and the Permian Basin, the U.S. rig count continued its upward climb during the week ended Friday (Feb. 25), adding five units to end at 650, according to the latest tally from Baker Hughes Co. (BKR). Three natural gas-directed rigs and two oil-directed rigs were added in…

Spanish integrated energy company Repsol SA expects to increase capital expenditures (capex) to pre-pandemic levels of 3.8 billion euros ($4.3 billion) in 2022, according to CEO Josu Jon Imaz. The Madrid-based firm has an exploration and production (E&P) presence in 15 countries, including an extensive portfolio throughout the Americas. The forecast increase in capex is…