Friday, December 27, 2024
U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count had decreased by 2 this week, at 254

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had a decrease of 2 over last week, resulting in a total count of 254 rigs. Canada had no change over last week, resulting in a total Canadian count of 52 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions, saw an increase

https://www.reuters.com/article/us-global-oil-canada-shale-analysis/enough-is-enough-canadas-montney-producers-swap-oil-and-gas-assets-for-cash-idUSKBN2621JQ- oil and gas 360

‘Enough is enough’: Canada’s Montney producers swap oil and gas assets for cash

Reuters WINNIPEG, Manitoba – A wave of consolidation is underway in Canada’s Montney oil and gas region as small companies struggling to weather the impact of coronavirus on the energy industry sell their holdings in what just a few years ago was a booming patch. Lockdowns and sharp contractions in economic activity have hammered global oil demand in 2020, pushing