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Friday, December 27, 2024

June 15, 2018

Roughnecks at drill site.

Rig Count Falls, Breaks Historic Rise

June 15, 2018

BHI rig count has seen only one drop in 18 weeks from February to June Drilling activity fell in the U.S. this week, snapping a ten-week long streak of increases, according to Baker Hughes Weekly Rig Count. A net three rigs came offline today, leaving 1,059 rigs operational in the U.S. The recent rise in rig counts was quietly becoming

North Dakota Remains Stable

June 15, 2018

Takeaway capacity more than adequate: Helms North Dakota’s April oil and gas production report was released and indicates that production and rig count is up thanks to stabilized WTI oil prices between $45 and $60/barrel. Lynn Helms of the North Dakota Industrial Commission’s Department of Mineral Resources said operators has shifted from running the minimum number of rigs with the

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