After working through a restructuring last year, California Resources Corp. (CRC) is looking to concentrate on reservoir management in core fields across the state, the CEO said Thursday. California’s largest exploration and production (E&P) company had a self-described soft landing after completing a Chapter 11 restructuring last year. Like most of the industry, last year’s…
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Natural Gas Rig Count Unchanged in U.S. as Oil Activity Surges
The U.S. natural gas rig count went unchanged at 92 for the week ending Friday (March 19), while a surge in oil-directed drilling drove the overall domestic count nine units higher to 411, according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). The combined 411 rigs in the United States as…
March 19, 2021
U.S. Drilling Count Surges to 411 as Oil Patch Adds Nine Rigs
Buoyed by growth in the oil patch, the U.S. rig count surged nine units higher to 411 for the week ending Friday (March 19), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). The total number of domestic oil-directed rigs rose nine units to 318, while natural gas-directed rigs remained unchanged…
March 19, 2021
EIA Projects Continued Decline in U.S. Natural Gas, Oil Output from Key Onshore Plays in April
Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…
March 17, 2021
Declines in U.S. Production from Seven Key Plays Expected from March to April, EIA Says
Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…
March 15, 2021
Ascent Resources to Curb Utica Spending, Stay Disciplined in 2021
Ascent Resources Utica Holdings LLC, Ohio’s largest oil and natural gas producer, plans to cut spending this year and hold production flat to 2020 levels as the industry continues to take a more conservative financial approach. The Ohio pure-play has issued 2021 capital guidance at a range of $550-600 million and intends to maintain production…
March 15, 2021
Natural Gas Rig Count Unchanged in U.S. as Oil Patch Sees Small Decline
The U.S. natural gas rig count remained unchanged at 92 for the week ending Friday (March 12), while a small decline in the oil patch sent the overall domestic tally slightly lower, according to updated data from oilfield services provider Baker Hughes Co. (BKR). Including a one-rig decline in oil-directed rigs, the overall U.S. rig…
March 12, 2021
U.S. Rig Count Down One Amid Small Declines in Marcellus, Haynesville
The U.S. rig count eased one unit lower to 402 for the week ending Friday (March 12) as increases in the Permian Basin and Utica Shale partially offset declines in the Marcellus and Haynesville shales, according to updated data from Baker Hughes Co. (BKR). The total number of domestic natural gas-directed rigs remained unchanged at…
March 12, 2021
Expro Tie-Up with Frank’s International to Create Global Well Specialist
Houston-based Frank’s International NV agreed Thursday to combine in an all-stock transaction with the UK’s Expro Group, a tie-up that would bring together well experts ready to tackle what they see as growing opportunities. Expro, which would own 65% of the combined entity, is a privately held well access and flow optimization expert that employs…
March 12, 2021
U.S. Natural Gas Rig Count Flat; Small Gain for Oil Patch
The U.S. natural gas rig count finished unchanged at 92 for the week ending Friday (March 5), while gains in the Permian Basin offset declines in the Gulf of Mexico to push the overall domestic count slightly higher, according to the latest figures from Baker Hughes Co. (BKR). Including a net increase of one oil-directed…
March 5, 2021
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