Chris
Mathews
Hart Energy
Production from Canada’s Montney, Duvernay Gains Momentum
The dust has settled on acquisitions, and the leading players have publicized five-year plans that demonstrate a commitment to increasing production from Canada’s premier shale plays.
US Oil, Gas Rig Count Drops in 2023 After Rising in 2021, 2022
Baker Hughes said U.S. oil rigs rose two to 500 this week, their highest since Dec. 15, while gas rigs were unchanged at 120.
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 three to 620 in the week to Dec. 21, the lowest since mid-November.
Analysts: Permian Basin Rigs Plummeted on Record Upstream M&A
A land grab for top-quality drilling locations fueled record Permian Basin M&A activity in 2023. To preserve inventory, E&Ps are radically slashing drilling activity on their new assets, East Daley Analytics reports.
US Drillers Cut Oil, Gas Rigs for First Time in Five Weeks
The oil and gas rig count, an early indicator of future output, fell by three to 623 in the week to Dec. 15.
US Drillers Add Oil and Gas Rigs for Fourth Week in a Row
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since November 2022.
US Drillers Add Oil, Gas Rigs for Third Week in a Row
The oil and gas rig count, an early indicator of future output, rose three to 625 in the week to Dec. 1.
ProPetro CEO: Next-gen Equipment Demand High Despite Market Headwinds
As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
US Drillers Add Oil, Gas Rigs for First Time in Three Weeks
The oil and gas rig count, an early indicator of future output, rose two to 618 in the week to Nov. 17.
US Drillers Cut Oil Rigs to Lowest Since Jan 2022 for Second Week
The combined oil and natural gas rig count, traditionally an early indicator of future output, fell by two to 616 in the week to Nov. 10, the lowest since February 2022.