E&P Earnings Season Proves Up Stronger Efficiencies, Profits

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.

US Gas Rig Count Falls to Lowest Since January 2022

The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22. 

US Drillers Add Most Oil, Gas Rigs in a Week Since September

The oil and gas rig count, an early indicator of future output, rose by seven to 629 in the week to March 15.

TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound

TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.

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

The oil and gas rig count, an early indicator of future output, fell by seven to 622 in the week to March 8, the lowest since Feb. 16. 

The Secret to Record US Oil Output? Drilling Efficiencies—EIA

Advances in horizontal drilling and fracking technologies are yielding more efficient oil wells in the U.S. even as the rig count plummets, the Energy Information Administration reported.

Turning Down the Volumes: EQT Latest E&P to Retreat from Painful NatGas Prices

Despite moves by EQT, Chesapeake and other gassy E&Ps, natural gas prices will likely remain in a funk for at least the next quarter, analysts said.

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.