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
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.
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.
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.
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.
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?
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.
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.
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.
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.