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rig count

(Spencer Platt/Getty Images)

Oil rig count continues climb, but pace slows

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This was the fourth time in five weeks that drillers added oil rigs after six straight months of mostly double-digit losses.
Categories: Crude oil
(Photographer: Eddie Seal, Bloomberg)

Return to drilling sends rig count up by 21

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U.S. drillers put more oil rigs to work this week than they have since last April, according to Friday’s Baker Hughes rig count.
(Photo by Eddie Seal for Bloomberg News)

Rig count resumes fall after another oil price plunge

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U.S. producers idled seven oil-drilling rigs this week amid faltering crude prices that scuttled a short-lived rebound in oil patch activity.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil field outlook bleak as earnings expected to come in lower

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U.S. crude’s recent fall to $51 a barrel is making a widely anticipated recovery in domestic drilling much more tenuous, bringing lower profits and probably even more job cuts to oil field service companies, analysts say.
(AP Photo/Richard Drew)

Amid swell of interest, Baker Hughes unveils updated rig count app

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The decades-old Baker Hughes rig count is getting a 21st century facelift with its debut of a new smartphone app featuring the oil field services company’s weekly round-up of rigs hunting for oil and natural gas.
MARCELLUS SHALE

Oil rig count grows again after gains in the Permian

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Five oil rigs were added this week in the U.S., although gas and miscellaneous rigs dipped by four, leaving a net gain of one rig for the week, according to data from oil services provider Baker Hughes.
(Photo by Eddie Seal for Bloomberg News)

U.S. oil rig count jumps up by a dozen, the first increase in 2015

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The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines.
drill rig

Rig rout puts smaller drillers in front as oil majors scale back

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Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Total rig count finally rises, but oil rigs are down again

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The rise in rigs drilling for natural gas increased by five for the week, which was more than the loss of three oil rigs from last week, according to data from oil services provider Baker Hughes.
Over thirty oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, as rig counts drop in the Permian Basin, Monday, May 18, 2015. (Courtney Sacco/Odessa American via AP)

U.S. oil rig decline extends beyond six months

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Although the oil rig count is still in decline, the pace has slowed dramatically from earlier this year. The count dropped by seven rigs the week prior and by 13 rigs the last week of May. The country dropped by just one rig in the week that ended May 22.