The combined oil and gas rig count rose two to 432 in the week to April 9, its highest since April 2020, Baker Hughes said in its weekly report.
EOG Resources Austin Chalk wells, Diamondback and Centennial completions in the Permian’s Delaware Basin plus more drilling planned by Shell at its Blacktip prospect in the U.S. Gulf of Mexico top this week’s oil and gas drilling activity highlights from around the world.
Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Goodrich Petroleum COO shares insight on its operations in the gassy Haynesville Shale as forecasts show natural gas prices and LNG exports rising.
The market has been increasingly worried about a possible shutdown of the Dakota Access pipeline, which ships up to 570,000 barrels of North Dakota's crude oil production to the U.S. Midwest and Gulf Coast.