Total U.S. rig count climbs up again The number of rigs continued to rise this week following OPEC’s agreement to cut 1.2 MMBOPD of production. The total number of active rigs in the United States reached 597 for the week ended December 2, 2016, according to Baker Hughes Industries (ticker: BHI), up four from last week. The number of rigs
U.S. rig count jumps 20 Drilling activities continue to ramp up ahead of OPEC’s meeting November 30 as U.S. operators look to take advantage of improved oil prices and greater drilling efficiencies. The total number of rigs drilling in the country increased 20 to 588 for the week ended November 18, 2016, according to Baker Hughes Industries (ticker: BHI), with
Total U.S. rig count 568: largely unchanged, but oil rigs increase again The number of rigs actively drilling in the United States was down one this week, but the number of rigs targeting oil continues to climb. There are 452 rigs drilling for oil in the U.S. as of the week ended November 11, 2016, two more than last week,
U.S. producers continue to put rigs back to work, weakening prices Oil prices were down today as U.S. producers continue to ramp up production and put more rigs back to work, and markets remain concerned about whether or not OPEC will be able to reach a production agreement. U.S. crude oil benchmark WTI was down over 1% while international crude
Natural gas drilling is picking up, with Baker Hughes reporting 11 more rigs this week Natural gas prices have increased more than 72% in the last six months, and the stronger economics have spurred more drilling, according to information released by Baker Hughes (ticker: BHI). The rig count increased by 15 in the week ended October 14, but 11 of
U.S. rig count up 2 The U.S. rig count continued to rise this week as both WTI and Brent went above $50 per barrel. Both crude oil bench marks were down over 1% Friday, but Baker Hughes Industries (ticker: BHI) released the latest rig data, reporting the total rig count reached 524, up two from last week. The total rig
Canadian Oil Drilling is More Active than a Year Ago Drilling activity is picking up in North America as oil prices continue to climb higher this week. The latest information from Baker Hughes Industries (ticker: BHI) shows the U.S. added 11 rigs in the week ended September 30, 2016, which Canada added 24 in the same time period. Even as
883 rigs sitting idle in the United States Although the U.S. rig count rose in the week ended September 16, 2016, it remains 511 below where it sat at this time last year, according to information from Baker Hughes Industries. As the active number of rigs remains well below the levels seen two years ago, 883 rigs sit idled, according
The U.S. rig count adds five this week, three of which are targeting natural gas The number of rigs in the United States grew in the week ended September 16, 2016, according to information from Baker Hughes Industries (ticker: BHI). The total rig count now stands at 511, down 327 from the same time last year. The gains came primarily
U.S. rig count drops by 2 this week as prices dip nearly $3 below weekly high The U.S. rig count snapped a streak of gains for the week ended September 9, 2016, according to information from Baker Hughes Industries (ticker: BHI). The total number of rigs in the U.S. fell by two to 506 last week. The loss of three rigs
The U.S. rig count increased by 8 rigs in the week ended September 2, according to data from Baker Hughes Industries, reaching 497 in total. The number of oil rigs increased by 1 to 407, while gas rigs rose 7 to a total of 88. The remaining two rigs were categorized as “miscellaneous” by Baker Hughes. Offshore rigs shed 42%
The U.S. rig count rose 17 rigs this week, but increased drilling doesn’t weaken oil prices The U.S. land rig count continued to gain for the week ended August 12, 2016, with 17 additional rigs reported in the United States, according to Baker Hughes Industries (ticker: BHI). The total U.S. rig count reached 481 this week, thanks in large part
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