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US Oil, Gas Rig Count Rises to Highest Since September: Baker Hughes
The U.S. oil and natural gas rig count is at its highest since September 2023.
US Drillers Add Most Oil Rigs in a Week Since November
The oil and gas rig count rose by five to 626 in the week to Feb. 23
After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off
As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.
US Drillers Cut Oil, Gas Rigs for Second Time in Three Weeks
Baker Hughes said U.S. oil rigs fell two to 497 this week, while gas rigs were unchanged at 121.
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.