Rig count for the week ended July 31, 2015 The total number of rigs actively drilling for oil or natural gas in the United States declined this week to 874, down two from last week. The number of rigs drilling for oil increased again this week, while the number looking for gas slipped for a second week in a row,
Overall rig counts up 2% on additions in the oil patch Overall rig counts reached a nearly two-month high this week, with Baker Hughes (ticker: BHI) reporting 876 rigs active in the United States for the week ended July 24, 2015, up 19 rigs from last week. The news came after three weeks of small increases from the week ended
The Eagle Fords rig count fell below 100 The number of rigs drilling in the Eagle Ford fell below 100 for the first time since at least February 2011, according to information from Baker Hughes (ticker: BHI). The Eagle Ford lost 4 rigs from this time last week, putting the total number in the basin at 98. The total number
Baker Hughes (ticker: BHI) released its weekly rig count tally on Thursday, July 2 – one day earlier than normal in consideration of the July 4th Independence Day holiday. The United States added three rigs to its fleet in the latest report and now has 862 total. A total of 12 oil-focused rigs joined the fleet, breaking a 29-week decline
Oil rig counts down for 29th consecutive week The total number of rigs drilling for oil and gas in the United States rose for the first time in 28 weeks, according to the Baker Hughes (ticker: BHI) rig count for the week ended June 26, 2015. The U.S. total rig count rose to 859, up 2 rigs from last week.
42 years after the Arab oil embargo knocked the U.S. for a loop, energy experts are cheering the fact that the U.S. is the world’s number one producer—but Harvard University’s business school sees “a real risk that American citizens, companies, and communities will fail to capitalize on this opportunity” At the University of Colorado-Denver’s Global Energy Management program’s 2015 “Energy Moving
Baker Hughes rig count for the week ended May 12, 2015: 859 The total number of active rigs drilling in the United States fell to 859 for the week ended June 12, 2015, according to Baker Hughes (ticker: BHI). For the week ended December 12, 2014, the U.S. rig count was at 1,893, marking a decline of 1,034 rigs in
Baker Hughes rig count for the week ended May 22, 2015 Rig counts fell for the 24th consecutive week this week, but showed the smallest decline since the drop in rig counts began in October of last year. The total number of active rigs in the U.S. for the week ended May 22, 2015, was 885, down just 3 rigs
What Do You Do When It’s 30 Below Zero and You’ve Got Sleeves that Won’t Open? Downtime is one of the main efficiency killers in today’s oil and gas business, a business that has utilized faster drilling times and improved extraction methods to increase returns in the last couple of years. “For example in the Appalachian basin, they’ve reduced drilling
Synergy Resources Corporation (ticker: SYRG) announced it has finalized a turn-key contract for its third rig and will be adding it to its Wattenberg acreage immediately, according to a company news release on July 9, 2014. The terms of the new contract allow for the drilling of at least eight wells on SYRG’s Wiedeman lease, which will begin in August.
Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion mark, and represents an increase of 6.1% in regards to 2013’s total of $682 billion. Barclays estimates the United States
CAMAC Energy Inc. (ticker: CAK) is a U.S.-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. On December 9, 2013, CAMAC Energy announced the signing of a letter of intent for
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