Natural gas-fired power plants are becoming increasingly efficient in the United States, according to a new analysis by the U.S. Energy Information Administration (EIA). The average utilization rate, or capacity factor, for the U.S. fleet of combined-cycle natural gas turbine (CCGT) plants has increased from 40% in 2008 to 57% in 2022, EIA noted. More…
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Articles from Utilization
Pemex Meets New Associated Gas Use Standards at 131 Oilfields, Regulator Says
Petroleos Mexicanos (Pemex) is complying with new associated gas utilization rules at 131 of its oilfields, according Mexico’s upstream regulator.
June 27, 2018
Helmerich & Payne Raises Capex on Customer Call for Upgraded Rigs
U.S. land rig margins increased on average by more than $800/day for Helmerich & Payne Inc. (H&P) during the fiscal third quarter on increased utilization and demand for super-specification rigs.
July 27, 2017
Keane Adding U.S. Fracture Fleets, Raising Prices as Outlook Improves
Sixteen of the Keane Group Inc.’s 23 hydraulic fracturing fleets now are working across the U.S. onshore, representing 70% utilization, a positive sign for growth through this year, the Houston operator said Wednesday.
March 15, 2017
Lower 48 Customers Clamoring for High-Spec Rigs, Says Nabors CEO
Nabors Industries Ltd., which owns and operates the world’s largest land-based drilling rig fleet, saw substantial utilization increases in the Lower 48 market during the third quarter, although spot market pricing remained competitive.
October 26, 2016
No Gain, More Pain Forecast For OFS Sector
As first quarter results are unveiled, expect to hear more hardship from the oilfield services (OFS) sector, energy analysts said.
April 21, 2016
No Gain, More Pain Forecast For OFS Sector
As first quarter results are unveiled, expect to hear more hardship from the oilfield services (OFS) sector, energy analysts said.
April 21, 2016
U.S. Onshore Completion Activity Still in Free Fall, Says Basic Energy
Production-related well servicing business remains steady in the U.S. onshore, but completions continue to decline, Basic Energy Services Inc.’s CEO said Monday.
April 13, 2016
U.S. Onshore Completion Activity Still in Free Fall, Says Basic Energy
Production-related well servicing business remains steady in the U.S. onshore, but completions continue to decline, Basic Energy Services Inc.’s CEO said Monday.
April 13, 2016
Basic Energy’s Rig Days Slump to 59 From 298 Year/Year
Basic Energy Services Inc. said its drilling rig days in November slumped to 59 from 298 in the year-ago period. The utilization rate was 16%, versus 83% a year ago and 13% in October.
December 15, 2015
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