Hart Energy Unconventional Activity Tracker (Week of Jan. 4, 2021)

U.S. energy firms added oil and gas rigs for the sixth consecutive week, ending the year with the best quarter since 2017.

Larry

Prado

HartEnergy.com

Mon, 01/04/2021 - 04:30 PM

For the sixth consecutive week, U.S. energy firms this week added oil and gas rigs for the best quarter since second-quarter 2017.

According to Baker Hughes Co., the oil and gas rig count rose by about three rigs in the week to Dec. 30. For the quarter, the count was up 90, the most in a quarter since second-quarter 2017 when it rose by 116 rigs. The overall rig count for the year was down 454. However, the current surge began in August 2020.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Need more than one account? See Group Subscription options

Texas/La Gulf Coast

In this article

Chart reflects yearly performance.

Larry Prado

Larry Prado writes activity highlights for Hart Energy's upstream franchises and covers E&P news. He holds an AA in electronics engineering technology and a BA in technical communications.

Recommended Reading

Whiting Petroleum In Deal Talks With Abraxas Petroleum: Sources

Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.

Marketed: West Texas Leasehold In Pecos And Terrell Counties

323 Exploration retained EnergyNet for the sale of more than 12,000 net leasehold acres in West Texas through a sealed-bid offering.

Edison's Oil Assets Reportedly Attracting Bids From Neptune Energy, DEA

Neptune Energy and DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by Edison, Reuters reported citing industry sources.