Rig Counts

Rig Counts , Unconventional

Hart Energy’s Unconventional Activity Tracker (Week of March 9, 2020)

This week, declines of one unit each in the Marcellus and Bakken seemed mild compared to a three-rig drop in the Anadarko Basin. But the Permian largely offsets those regional weaknesses.

March 9, 2020

Rig Counts , Shale Plays

US Rig Count Rises Despite Oil Producers Pledging To Reduce Drilling This Year

Exxon Mobil, which analysts say is operating the most U.S. rigs, said March 5 that it would cut about 20% of the 58 rigs it was operating in the Permian Basin this year.

March 6, 2020

Rig Counts , Unconventional

Hart Energy's Unconventional Activity Tracker (Week of March 2, 2020)

Unconventional rig count is up 16 units this year, or 2.5%, though activity still remains flat when compared to the 4Q19 average. Last week’s tally fell three rigs to 649 on the basis of modest declines in the Eagle Ford and Permian. Some rebalancing is underway this year with modest recoveries in the Midcontinent after last year’s precipitous two thirds decline in activity. With oil prices now below $50 it appears the 1Q20 average may come in flat with compared to activity levels in the final quarter of 2019. 

March 2, 2020

Rig Counts

US Oil Rig Count Falls Slightly As Producers Cut Spending

Drillers cut one oil rig in the week to Feb. 28, bringing down the total count to 678, energy services firm Baker Hughes Co. said in its weekly report.

February 28, 2020

Rig Counts

US Oil Rig Count Rises For Third Straight Week

Companies added one oil rig in the week to Feb. 21, bringing the total count to 679, their highest since the week of Dec. 20, Baker Hughes Co. said in its weekly report on Feb. 21.

February 21, 2020

Rig Counts

US Drillers Add Oil Rigs For Second Consecutive Week

Companies added two oil rigs in the week to Feb. 14, bringing the total count to 678, energy services firm Baker Hughes Co. said in its weekly report. 

February 14, 2020

Rig Counts

US Oil Rig Count Inches Up

Companies added one oil rig in the week to Feb. 7, bringing the total count to 676, energy services firm Baker Hughes Co said in its weekly report.

February 7, 2020

Rig Counts

Patterson-UTI Sees Modest Rise In Its Rig Count In Early 2020

The oilfield service provider’s rig count averaged 123 in the fourth quarter down from 183 rigs last year, due to a decrease in drilling activity early in the fourth quarter.

February 6, 2020

Rig Counts

US Oil Rig Count Drops As Oil Prices Fall

Drillers cut one oil rig in the week to Jan. 31, bringing down the total count to 675, energy services firm Baker Hughes Co. said in its weekly report.

January 31, 2020

Rig Counts

US Oil Rig Count Inches Up

Companies added three oil rigs in the week to Jan. 24, bringing the total count to 676, energy services firm Baker Hughes Co. said in its weekly report.

January 24, 2020