Comstock Continues Wildcatting, Drops Two Legacy Haynesville Rigs

The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.

US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks

Despite this week's rig increase, Baker Hughes said the total count was still down 138 rigs, or 18%, below this time last year.

Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots

New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.

US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks

Baker Hughes said U.S. oil rigs held steady at 499 this week, while gas rigs fell by two to 117.

Some Payne, But Mostly Gain for H&P in Q4 2023

Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.

US Drillers Add Oil, Gas Rigs for Second Week in a Row

The oil and gas rig count, an early indicator of future output, rose by one to 621 in the week to Jan. 26.

US Drillers Add Oil, Gas Rigs for First Time in Three Weeks

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks

US Drillers Cut Oil, Gas Rigs for Second Week in a Row

The oil and gas rig count, an early indicator of future output, fell by two to 619 in the week to Jan. 12, the lowest since November.

Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs

Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.

US Drillers Cut Oil, Gas Rigs for Third Week in a Row

The oil and gas rig count, an early indicator of future output, fell by one to 621 in the week to Jan. 5.