Upstream

An uptick in drilling activity in the Gulf of Mexico (GOM) helped lift the U.S. rig count four units higher to 479 during the week ended Friday (July 9), according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the week were split evenly between natural…

Permian Basin producer Laredo Petroleum Inc. has revised its 2021 capital expenditure (capex) guidance upward following its acquisition of Sabalo Energy LLC’s assets in Howard County, TX, for roughly $715 million. Laredo now expects capex to total $420 million from previous guidance of $360 million, management said Thursday in an update. “As we integrate Sabalo’s…

With an eye on increased development activity in Wyoming’s Wamsutter field, Williams is teaming with Denver-based Crowheart Energy in a joint venture (JV) that consolidates more than 1.2 million net acres across the tight natural gas reservoir. The tie-up combines the legacy Crowheart, BP plc and Southland Royalty Co. LLC upstream assets into one contiguous…

The U.S. natural gas rig count climbed one unit to finish at 98 for the week ended Friday (June 25), while a small decline in oil rigs left the overall domestic tally flat for the period, according to data from Baker Hughes Co. (BKR). One oil-directed rig exited the patch in the United States during…

With gains spread across multiple drilling regions, including the Permian Basin and the Marcellus Shale, the U.S. rig count climbed five units to finish at 475 for the week ended Friday (July 2), according to the latest tally from Baker Hughes Co. (BKR). Four oil-directed rigs and one natural gas-directed rig were added in the…

New Mexico’s economy could get a significant boost if oil and gas producers were to promptly remediate the unplugged oil and gas wells on state trust and private lands, according to economic research firm O’Donnell Economics. A cleanup effort would pump $8.2 billion into the New Mexico economy and support 65,337 job years, or the…

The U.S. natural gas rig count climbed one unit to finish at 98 for the week ended Friday (June 25), while a small decline in oil rigs left the overall domestic tally flat for the period, according to data from Baker Hughes Co. (BKR). One oil-directed rig exited the patch in the United States during…

A small decline in the oil patch and a small gain in natural gas-directed drilling left the combined U.S. rig count unchanged at 470 during the week ended Friday (June 25), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). One natural gas rig was added and one oil rig exited…

The U.S. natural gas rig count increased one unit to 97 for the week ended Friday (June 18), while a surge in oil-directed drilling lifted the combined domestic tally to 470 for the period, according to the latest figures from Baker Hughes Co. (BKR). The United States added nine rigs overall for the week, including…