The U.S. rig count jumped nine units higher to 360 for the period ending Jan. 8, led by additions in the Permian Basin and Marcellus Shale, according to Baker Hughes. The increase in domestic drilling included the addition of eight oil rigs and one natural gas rig. The Permian Basin added four rigs, bringing its
Read More...Although the US oil and gas rig count decreased by one to 413 for the week ended Dec. 24, the Permian Basin’s rig count climbed to its highest level since May, according to Hellenic Shipping News Worldwide. The lost rig was a natural gas rig, bringing the total count to 113. Meanwhile oil rigs held
Read More...What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...Following another week of increased oil drilling, the U.S. rig count climbs three units to 323 for the week ending Dec. 4, according to Baker Hughes. The rig count was lifted by the addition of five oil-directed rigs for the week, which offset a decline of two natural gas-directed rigs. The U.S. count has risen
Read More...The constant decline that began in March for the U.S. oil and gas rig count has finally ended, according to Kallanish Energy. Baker Hughes released the Aug. 21 rig count, showing the U.S. rig count grew by 10 from Aug. 14’s count. The number of working U.S. rigs jumped by 10 from 244 on Aug.
Read More...The United States’ working rig count dropped to a record-low for the ninth straight week, sliding from 265 on June 29 to 263 on July 2, according to the latest count from Baker Hughes. In addition to hitting an all-time low for the ninth week in a row, the U.S. rig count also saw its
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...The number of rigs working onshore in the Lower 48 U.S. states dipped slightly last week, the fourth week in the last five where the working-rig total has fallen, data from Baker Hughes, a GE company, reveals. For the five-day period ended July 3 (two days shorter than normal due to the Fourth of July
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...U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level. Domestic prices fell by 1.5%, to $1,930/st, while import prices fell by 1.4%, to $1,584/st. Pipe Logix
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
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