Rig Counts

Rig Counts

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker Hughes Co.

May 15, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 11, 2020)

U.S. drops 20 rigs from last week to current week’s total of 390. Hess, EOG Resources, Oxy USA, Marathon, Devon and Cimarex are among the many that have announced cuts or reductions to their programs.

May 11, 2020

Rig Counts

US Drillers Cut Oil, Gas Rigs to Historic Low

The rig count, an early indicator of future output, fell by 34 to a record low of 374 in the week to May 8, according to data from energy services firm Baker Hughes Co. going back to 1940.

May 8, 2020

Rig Counts , Field Development , Emerging Plays

International Highlights

Check out the latest E&P highlights from around the world.

May 7, 2020

Investment , Exploration & Production , Rig Counts , Unconventional , Shale Plays , Midstream

The Bakken Takes a Hit

Between a historic oil price crash and resource maturity, some say the Bakken may have only five or six good drilling years left. What’s the opportunity now?

May 6, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 4, 2020)

The oil-rig count in the U.S. has now declined for seven weeks in a row, implying upcoming declines in domestic crude output.

May 4, 2020

Rig Counts

US Drillers Cut Oil Rigs for Seventh Consecutive Week

Drillers cut 53 oil rigs in the week to May 1, bringing down the total count to 325, the lowest since June 2016, energy services firm Baker Hughes Co. said in its weekly report.

May 1, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of April 27, 2020)

As of April 19, the number of active rigs in the Permian Basin is down 43% year-over-year, while Appalachian rig activity is down 41%, according to Enverus Rig Analytics.

April 27, 2020

Rig Counts

Baker Hughes Reports US Oil Rig Count Down By 60

The total count dropped to 378, the lowest since July 2016, energy services firm Baker Hughes Co. said in its weekly report.

April 24, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy’s Unconventional Activity Tracker (Week of April 20, 2020)

As of this week, the rig count decline is nearing the decline of 2015. It fell about 10 rigs per day this week and in 2015-2016, it fell about 12-15 per day.

April 20, 2020