Thursday, January 2, 2025

Rig Count Drops to 983

By Tyler Losier, Energy Reporter, Oil & Gas 360   U.S falls, Canada’s numbers rise This week’s Baker Hughes rig count revealed falling rig numbers for the U.S., but a substantial increase in the Canadian rig count. In the U.S., overall rig numbers are at 983, down four from last week, and down 76 from this week last year. In

Riviera Resources Sells Michigan Properties - Oil &Gas 360

Riviera Resources Sells Michigan Properties

By Tyler Losier, Energy Reporter, Oil & Gas 360   Undisclosed buyer acquires land for $44.5 million Riviera Resources (stock ticker: RVRA) signed an agreement Thursday to sell its interests located in Michigan for $44.5 million, netting approximately $41 million of proceeds in the process. The transaction is expected to close in Q2 of 2019, subject to due diligence and

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year - Oil & Gas 360

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year

EIA expects retail gasoline prices to rise over the coming months As of this Memorial Day Weekend, the national average price for regular gasoline is hovering around $2.85 per gallon, just slightly below last year’s average price of $2.92. The EIA forecasts that current prices will reach the $2.92 mark in the coming months, however, as the summer season of