Ten U.S. land-based drilling rigs returned to action during the week just ended, according to Baker Hughes Inc. (BHI). The week ended with 823 rigs active on land, more than twice the 409 that were running one year ago.
Week
Articles from Week
Permian Again Leads Rig Gains, But NatGas-Heavy Basins Climbing, Too
One-dozen rigs returned to the Permian Basin during the week just ended, according to Baker Hughes Inc. (BHI), and that propelled Texas to an overall gain of seven units during the week. But the good news for the energy patch isn’t confined to the Permian or to Texas.
April 7, 2017
Permian Basin Leads Rig Gains Again
Texas and Oklahoma led the states in active drilling rig gains during the week ending Friday, according to Baker Hughes Inc. Texas raised its tally by eight, and Oklahoma added seven.
March 24, 2017
Proud to Be an Okie Driller; Sooner State Adds 10 Rigs
Drillers in the Sooner State stepped up their game during the week just ended and handily beat usual rig-growth favorite Texas.
March 17, 2017
U.S. NatGas Rigs Return, But Oil Still Favored
Six natural gas rigs returned to U.S. activity during the week just passed, and 14 oil rigs joined the hunt, according to Baker Hughes Inc. Meanwhile, Canadian rigs are getting out of the patch for spring breakup.
March 17, 2017
Cold, Heating Load Continue to Propel Market Higher; April Called Up 6 Cents
April natural gas is expected to open 6 cents higher Monday morning at $3.07 as traders factor in greater cold and higher heating loads for the upcoming week. Overnight oil markets eased.
March 13, 2017
Lights Out Again in Fayetteville as Oil Rig Gains Surpass Gas
The dry gas Fayetteville Shale lost its only running rig during the week, according to the latest Baker Hughes Inc. rig count released Friday. But the Barnett Shale held onto its two, and the Haynesville added two more to bring its tally to 31.
January 27, 2017
Weather Models Shift; February Called 12 Cents Higher
February natural gas is set to open 12 cents higher Thursday morning at $3.45 as traders discount expected government data showing low usage and focus on upcoming forecast weather patterns. Overnight oil markets were narrowly mixed.
January 26, 2017
Slight Temperature Softening Seen; February Called 8 Cents Lower
February natural gas is set to open 8 cents lower Wednesday morning at $3.33 as weather forecasts moderate slightly and traders admit to a market that in the short term is balanced principally by demand, i.e., weather. Overnight oil markets fell.
January 18, 2017
NatGas Forwards Prices Perk Up on Bullish 151 Bcf Storage Withdrawal
After swinging throughout the week, much like weather forecasts, natural gas forwards and futures markets turned decidedly bullish on Thursday after a much larger-than-expected storage report, lifting February forwards prices up an average 17 cents that day and up an average 10 cents between Jan. 6 and 12, according to NGI’s Forward Look.
January 13, 2017
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