Upstream

Propelled by activity gains in the Haynesville Shale and Permian Basin, the U.S. rig count posted double-digit growth for a second straight week in the latest tally from oilfield services provider Baker Hughes Co. (BKR). Including increases of six natural gas-directed rigs and four oil-directed units, the combined U.S. count jumped 10 units higher to…

Including increases in the Marcellus and Haynesville shales, the U.S. natural gas rig count rose two units to 115 during the week ended Friday (Jan. 28), according to the latest count from oilfield services provider Baker Hughes Co. (BKR). Domestic oil-directed drilling increased by four rigs for the period, lifting the combined domestic tally to…

On the strength of increased onshore oil and natural gas drilling activity, the U.S. rig count advanced six units to 610 for the week ended Friday (Jan. 28), according to the latest tally from Baker Hughes Co. (BKR). Including gains of four oil-directed rigs and two natural gas-directed units, the combined domestic count ended the…

A U.S. district court on Thursday vacated the results from last November’s oil and natural gas auction in the Gulf of Mexico (GOM), citing an outdated emissions analysis by the Trump administration. In the ruling, considered a major victory for environmental groups, U.S. District Judge Rudolph Contreras of the District of Columbia invalidated Lease Sale…

The U.S. natural gas rig count climbed four units to 113 for the week ended Friday (Jan. 21), while domestic oil drilling saw a small decline for the period, according to updated figures from Baker Hughes Co. (BKR). Including a one-rig decline in oil-directed drilling, the combined U.S. count finished the week at 604, 226…

An uptick in natural gas-directed drilling activity, including in the Marcellus and Haynesville shales, lifted the combined U.S. rig count three units overall to 604 for the week ended Friday (Jan. 21), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). A four-rig increase in natural gas-directed drilling offset a one-rig…

The U.S. natural gas rig count climbed two units to 109 for the week ended Friday (Jan. 14), while big gains in Texas sent the overall domestic drilling tally higher by double digits, according to updated figures published by Baker Hughes Co. (BKR). Including a net gain of 11 oil-directed rigs, the combined domestic rig…

On the strength of sharp gains in the Eagle Ford and Haynesville shales, the U.S. rig count surged 13 units higher to 601 for the week ended Friday (Jan. 14), according to the latest numbers from Baker Hughes Co. (BKR). Net gains in the United States included 11 oil-directed rigs and two natural gas-directed rigs,…

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…