Wednesday, February 5, 2025

U.S., Canada Getting Back to Work: North American Rig Count Jumps by 57

Three U.S. plays are more active than Dec. 2015, Canadian rig count 32% higher than 2015 The number of rigs drilling in North America increased by 57 rigs over the course of the week as oil prices remain above $50 per barrel, according to information from Baker Hughes Industries. 27 rigs were added to the United States’ total, while an

Strategic Oil & Gas Announces Capex for 1H 2017

$30 million capital budget will be focused on six Muskeg wells Calgary-based Strategic Oil & Gas (ticker: SOG) announced its capital budget for the first half of 2017 Friday. The company plans to spend $30 million in the first six months of the year, Strategic said in its press release. The majority of the budget will go toward six Muskeg

Wells Fargo calls for Increasing “Risks and Rewards” for U.S. and World in 2017

Wells Fargo Sees Increasing “Risks and Rewards” for U.S. and World in 2017

Bank’s Annual Economic Outlook Covers Positive Growth in U.S., World-wide Concerns Wells Fargo’s Economics Group presented its 2017 Annual Economic Outlook this week. The theme of the presentation was “risk and reward in an aging business cycle,” reflecting the potential upsides and downsides to growth. The presentation emphasized that “there is no life expectancy for the business cycle,” opening with