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rig count

(Jerry Lara/San Antonio Express-News)

Oil falls near 6-year low as U.S., OPEC keep pumping

Oil has slumped more than 30 percent from this year’s peak in June on speculation the global surplus will be prolonged.
(Daniel Acker/Bloomberg)

Oil speculators move in, but price slide continues

A persistent global surplus has made the biggest oil companies more pessimistic about a swift price recovery.
The 29-week plunge in the oil rig count takes a break

U.S. rig count grows again despite the price of oil still dropping

The U.S. oil rig count increased by six this week, largely buoyed by more rigs added in Texas’ Permian Basin, according to according to Baker Hughes, which tracked 29 weeks of decline in the count until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere.

Nabors CEO: Expect flat oil rig counts in the second half

Nabors CEO Anthony Petrello said the tone of conversations with oil companies has changed since mid-May, when customers were talking about plans to steadily roll out drilling rigs in the second half of the year.
(Spencer Platt/Getty Images)

Oil rig count continues climb, but pace slows

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

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

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

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

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.
A spinoff of National Oilwell Varco announced plans to buy a company that supplies the energy industry with pipes, valves and fittings.

Oil rig count grows again after gains in the Permian

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.