Chris
Mathews
Hart Energy
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.
Antero Sets Record Production Despite Lower Rig Count
Antero Resources’ management is hopeful the industry’s reduction in rig activity will help “balance” the natural gas market.
US Drillers Cut Oil, Gas Rigs to Lowest Since Feb 2022
U.S. oil rigs fell eight to 496 this week, their lowest since January 2022, while gas rigs rose one to 118.
US Monthly Oil Rig Count Rises for First Time Since November
In October, the oil rig count rose by two in its first monthly increase since November.