Sunday, December 22, 2024

Oil Rigs Break 10-Week Decline

Overall rig count down again due to fewer rigs seeking gas Baker Hughes (ticker: BHI) released its weekly rig counts, indicating that the number of rigs drilling for oil in the United States increased for the first time in 10 weeks. While more rigs were drilling for oil in the U.S. than in previous weeks, the overall number of active

North Dakota Production

Increasing Oil Production Challenges North Dakota’s Goal to Cut Flaring

Flaring volumes remain steady as production rises; flaring less than 22% of NatGas may not happen anytime soon North Dakota has been working to lower the percentage of the natural gas flared inside the state, with a goal set to lower the percentage of flared natural gas to just 15% by the end of first-quarter 2016. Historically, North Dakota flared