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rig count

Photographer: Ty Wright/Bloomberg

U.S. oil rig count falls again

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U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, dropping the number of active oil rigs to 679.
Twenty-two horizontal rigs are stacked in West Texas, a portion of the more than 300 rigs that have been sidelined in Texas in recent months. (courtesy of Charles Perry)

U.S. producers idle 31 more oil rigs

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The number of U.S. oil rigs fell once again this week, Baker Hughes said Friday, as producers kept cutting drilling in the face of low crude prices.
(Photo by Andrew Burton/Getty Images)

Oil holds biggest weekly gain since 2009 on China stimulus

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Oil has climbed more than 40 percent since reaching a six-year low in January on estimates that the cutback in U.S. rigs and a boost for fuel demand from lower prices will help drain the global supply surplus.
(Photo by Andrew Burton/Getty Images)

Shale output is falling faster than expected

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Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since 2013.
Marathon Bakken drilling

U.S. oil rig count down 42 as industry’s slowdown accelerates

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The number of rigs drilling for oil in the U.S. fell by 42 this week, a reversal from previous figures that suggested the industry’s pull back was slowing down.
The lobby of the Baker Hughes office in Houston. (Julio Cortez / Houston Chronicle)

Baker Hughes closes Bryan office, lays off 54 employees

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Baker Hughes is closing its Bryan office and laying off 54 employees, marking the latest reduction for the Houston-based oil field services company.
Photographer: Ty Wright/Bloomberg

The crash in U.S. oil rigs is finally slowing down

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Six of the oil rigs were idled in Texas. The slight dip – compared to the past four months of steep drops in active U.S. rigs – brought the nation’s oil-rig count to 802.
(Photographer: Eddie Seal, Bloomberg)

Oil rigs fall by lowest number since December

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Total rigs drilling for both oil and natural gas fell by 21 to 1,048, with gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2.
(Ty Wright/Bloomberg file)

Crudes’ good day continues as rig count falls

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Rigs chasing crude are now at their lowest level since 2011.
(Eddie Seal/Bloomberg)

Feds: Market forces pushing offshore rig counts down

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The government’s top offshore energy overseers on Tuesday defended the Obama administration’s approach to oil and gas drilling along the nation’s coastlines, insisting that market forces — not federal regulations — were discouraging the activity.