U.S. rig count is down eight rigs from last week to 805, with oil rigs down eight to 677, gas rigs unchanged at 125, and miscellaneous rigs unchanged at three, according to Baker Hughes.
U.S. rig count is down 278 rigs from last year's count of 1,083, with oil rigs down 208, gas rigs down 73, and miscellaneous rigs up three to three.
The U.S. offshore rig count is down one to 23 and down one year-over-year.
Canada rig count is down 50 rigs from last week to 99, with oil rigs down 36 to 52 and gas rigs down 14 to 47.
Canada rig count is up 29 rigs from last year's count of 70, with oil rigs up 37 and gas rigs down eight.
The Almirante Tamandaré FPSO unit is set to be Brazil’s largest, with capacity to produce 225,000 barrels of oil per day and 12 million cubic meters of gas, Petrobras said.
Energy scholar Robert Bryce offers an unabashed view of the shale revolution, climate change and the future of energy. Spoiler alert: don’t expect oil and gas to disappear anytime soon.
The Scoop and Stack plays are still in the money but only with improved well spacing and effective management of frac-driven interactions.