Upstream

The U.S. rig count climbed one unit to reach 403 for the week ending Friday (March 5) as gains in Texas offset a slowdown in North Dakota, according to the latest figures from Baker Hughes Co. (BKR). One oil-directed rig was added overall in the United States for the week, while the total number of…

Occidental Petroleum Corp.’s vision to yank carbon emissions from the atmosphere in its top development, the Permian Basin, took a giant step forward Tuesday with the first engineering phase given the green light. Australia’s Worley Ltd. was awarded the front-end engineering and design (FEED) for the first of four phases of the direct air capture…

Even as prices recover, U.S. oil production is likely to only inch ahead – at best – in 2021 as producers focus on cash flow and returning capital to shareholders in bids to win back investors’ trust following the severe slump of 2020, economists at the Federal Reserve Bank of Dallas said Monday. Kunal Patel,…

Wyoming’s revenue could be devastated in the near term by the pause in oil and gas permitting on federal lands, Gov. Mark Gordon warned on Wednesday. In a letter to Acting Interior Secretary Scott de La Vega, Gordon outlined his concerns over Secretarial Order 3395 issued in January regarding the pause in issuing federal permits…

The United States added one natural gas rig to grow its tally to 91 for the week ending Friday (Feb. 19), while the departure of one oil-directed unit left the overall domestic tally unchanged, according to the latest data from Baker Hughes Co. (BKR). The combined U.S. rig count ended the period at 397, which…

In a week that saw a deep freeze disrupt operations for many Lower 48 producers, the U.S. rig count went unchanged overall, ending at 397 as of Friday (Feb. 19), according to the latest data from Baker Hughes Co. (BKR). A one-rig increase in natural gas-directed drilling offset a one-rig decline in oil rigs, putting…

Lower 48 onshore oil and gas permit approvals fell by 10% in January versus December to 1,688, with declines seen across all of the major basins, according to the latest monthly statistics compiled by Evercore ISI. The Permian Basin and Eagle Ford Shale combined to account for 52% of the total permit count, said the…

The U.S. natural gas rig count slid two units to 90 during the week ending Friday (Feb. 12), while continued growth in the oil patch propelled the combined domestic tally higher, according to the latest figures from Baker Hughes Co. (BKR). After a seven-rig increase in oil-directed drilling, the combined U.S. count rose to 397…

The U.S. rig count continued to nudge higher during the week ending Friday (Feb. 12), adding five units to end at 397 on growth in oil-directed drilling, according to the latest figures from Baker Hughes Co. (BKR). A seven-rig increase in oil-directed drilling offset a two-rig decline in natural gas-directed rigs, leaving the combined domestic…