MDN told you the bottom had dropped out of the rig count two weeks ago (see Baker Hughes U.S. Rig Count Loses 6 @ 594, M-U Drops 2 @ 36). Last week, the drop continued to deepen. We call it free fallin’. The national combined oil and gas rig count dropped by another four to…
Read More...The Baker Hughes rig count lost ground again last week, as it has in three of the last four weeks. The count went from 622 active rigs two weeks ago down to 621 last week. The Marcellus/Utica count was steady at 40 active rigs, broken down as 19 active rigs in Pennsylvania, 12 in Ohio,…
Read More...Two of the world’s largest three oilfield services (OFS) companies, Halliburton and Baker Hughes, provided updates this week for their second-quarter performance and operations. Both companies said essentially the same thing. Drilling is slowing down in U.S. shale, but offshore drilling in other parts of the world is still going strong and makes up for…
Read More...From time to time, we bring you news about hydrogen (H2) because, for many, H2 is the next “big thing”… Continue reading The post Baker Hughes Tests 10% Hydrogen Blend in Italian Compressor first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...LNG Exports Growth Means We Need More Production! Jim Willis on NGL Pipelines Editor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: LNG exports are booming and more natural gas production is needed now to support this financial boon to a struggling national economy wounded by inflation.] According to a column by a Reuters analyst, U.S.
Read More...OERB (Oklahoma Energy Resources Board) Does Coterra Rig Tour Bill desRosiers External Affairs Coordinator, Coterra Energy Host, Shale Gas News … … [Editor’s Note: The Oklahoma Energy Resources Board, or “OERB” just did a Coterra rig tour in conjunction with an educator’s retreat, teaching teachers all about oil and gas.] On July 8th Coterra joined
Read More...Less than one year after buying Baker Hughes, GE decided it didn’t want its bright shiny new toy anymore and would divest itself of Baker Hughes (see GE Dumping Baker Hughes in Bid to Boost Stock Price). Baker Huges separated from GE last October and has been its own company since that time. However, GE
Read More...The number of drilling rigs in the United States continued to plummet, Kallanish Energy reports. The total dropped by 17 in the count released last Friday by Baker Hughes, the Texas-based well services company. There were 301 rigs at work in the U.S., down from 318 on May 22. A year ago, there were 984 rigs at work. That
Read More...The number of rigs working onshore in the Lower 48 U.S. states last week maintained its downward stride, falling for the 14th straight week, and the 24th of the last 26 weeks, Kallanish Energy calculates. For the week ended Oct. 4, 823 rigs were working, down six rigs from the previous week, according to Baker
Read More...Baker Hughes, a GE company (Bhge) announced Tuesday General Electric and its GE Oil & Gas US Holdings I, GE Holdings (US), and GE Oil & Gas US Holdings IV units have begun a secondary offering of 105 million shares of Bhge Class A common stock. The offering’s underwriters will have a 30-day option to
Read More...The number of rigs working in the Lower 48 U.S. states last week rose by a single rig following three consecutive weeks of falling numbers, data from Baker Hughes, a GE company reveals. For the week ended June 28, 931 rigs were working in the Lower 48, up a lone rig from one week earlier,
Read More...The number of rigs working onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, according to data compliled by oilfield services firm Baker Hughes, a GE company. For the week ended May 17, 954 rigs were working in the Lower 48, down a lone rig from the previous week,
Read More...The number of rigs working onshore in the Lower 48 U.S. states last week fell by two, and brought to five the number of consecutive weeks the count has slipped, data from Baker Hughes, a GE company, reveals. At May 10, 955 rigs were working in the Lower 48, down two rigs from the previous week, and off 59
Read More...Oilfield services firm Baker Hughes, a GE company, delivered what chairman and CEO Lorenzo Simonelli called a “solid” first quarter, due to stabilizing global oil and natural gas markets, Kallanish Energy reports. “The U.S. rig count dropped slightly less than expected, and international activity remained steady; the LNG market is very active,” Simonelli said. During
Read More...