The Latest

Rig Counts

Chart: Western Rig Count as of October 23, 2020

California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming

October 23, 2020

Earnings

Patterson-UTI Sees Shale Activity Picking Up through Early 2021

U.S. oilfield services firm Patterson-UTI Energy expects oil and gas activity to continue to improve through at least the first quarter of 2021, CEO Andy Hendricks told investors.

October 22, 2020

Exploration & Production

Turkey Extends Exploration in Disputed Mediterranean Waters to Oct. 27

Two other vessels along with Oruc Reis will continue work in an area southeast of the Greek island of Rhodes until Oct. 27, Turkey’s Navy said in a maritime notice.

October 22, 2020

Earnings

Natural Gas Driller EQT Posts Smaller-than-expected Loss on Lower Costs

The company now expects full-year sales volumes of between 1.48 billion cubic feet equivalent (bcfe) and 1.5 bcfe, slightly higher than its previous range of 1.45 bcfe to 1.5 bcfe.

October 22, 2020

Highlights

E&P Plus: October 2020 US Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights across the U.S. featured in the October issue of E&P Plus including Chesapeake Energy Marcellus Shale discoveries plus a Wolfcamp well tested by Occidental Petroleum in New Mexico’s Eddy County.

October 21, 2020

Exploration & Production

The Energy Supply Chain of the Future

The oil and gas industry will be around. But what will it look like, and how will the supply chain that supports that industry look?

October 21, 2020

Exploration & Production

Petrobras Boosts Production Outlook in Recovery from COVID-19 Halts

Petrobras said it expects to produce roughly 2.84 million barrels of oil equivalent per day this year, up from its previous estimate of 2.7 MMboe/d.

October 21, 2020

Earnings

Baker Hughes Posts Third Straight Quarterly Loss as Demand Still Hurt

Revenue from Baker Hughes’ oilfield services unit, which accounts for nearly 46% of its total sales, fell 31% to $2.31 billion in the third quarter.

October 21, 2020

Exploration & Production

Baker Hughes VP of Drilling: Remote Drilling Is Here to Stay

Paul Madero, vice president of drilling services with Baker Hughes, explains why remote and autonomous drilling operations will enable better wells and better production.

October 21, 2020

Exploration & Production

Iraq Flags Oil Project Delays, Sees Recovery Next Year

The Iraqi oil minister said he expects Iraq will raise its oil production capacity to 7 million bbl/d in the next five to six years, from around 5 million bbl/d now.

October 21, 2020