Tag: rig count

Crude rigs at lowest level in two years after another decline

Drillers were slow to pare back the number of rigs working, but have now idled 258 crude oil rigs since a steady slide began seven weeks ago.  More »

Report: U.S. land rig count could fall 30 percent

The number of onshore oil and gas wells in the U.S. will fall 26 percent this year to 27,000, research firm Wood Mackenzie said in a new report published Thursday.  More »

U.S. rig count sees biggest drop in six years

This week’s plunge marked the third-biggest one-week drop since Baker Hughes began tracking rig data in 1987.  More »

Oil rigs fall by most since 1991

Producers idled the most oil rigs in a single week since 1991, as a more than 50 percent fall in crude prices further impacted drilling.  More »

Oil driller says its high-tech rigs can’t compete with cheap crude

An Oklahoma oil driller expects 40 to 50 of its souped-up drilling machines to come off the market over the next month.  More »

Texas, U.S. rig count declines

The number of rigs operating in North America declined by 29 last week to 1,811, marking the fourth consecutive weekly decrease for the count, published by oilfield service company Baker Hughes.  More »

Vertical rigs dropped first as producers pull back

Baker Hughes data shows the rig count falling across the board, but with the sharpest falloff in vertical rigs.  More »

Oil trades near lowest since ’09 with supply at year-end record

Oil has slumped 46 percent this year, set for the biggest annual decline since 2008, as the highest U.S. production in more than three decades contributed to a global surplus estimated by Qatar at 2 million barrels a day.  More »

Survey: Texas manufacturers worried about oil price slide

Several manufacturing executives expressed pessimism over how falling oil would affect business next year.  More »

Rig count falls as seasonal slowdown meets lower crude prices

Oil and gas drillers idled more rigs last week, as crude prices fell to their lowest levels in five years on Monday.  More »

Rig count falls for second week

The number of rigs searching and drilling for oil and gas across the U.S. fell by 18 this week to 1,875, according to data from oil service company Baker Hughes.  More »

Rig count falls as oil prices continue slide

A new report showed that producers had slowed the pace of drilling for oil as the commodity fell further fell further $60 per barrel on Friday.  More »

U.S. rig count grows despite oil price slump

Future output in the U.S. is at risk with oil trading below $80 a barrel.  More »

Energy rigs in U.S. climb to tie highest count since 2012

Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.  More »

Oil rigs in US extend record as Eagle Ford drilling surges

Rigs targeting oil in the U.S. jumped to a record as energy producers used the most in a year to drill for crude in Texas’s Eagle Ford shale formation. Oil rigs increased by 14 to 1,487, the highest level since Baker Hughes split the oil and gas counts in 1987, data posted on the company’s […]  More »
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