Tag: rig count

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 »

Rig count down for the week

Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 11 this week to 1,757.  More »

New technologies require new math for rig counts

New drilling technologies are breaking down that simple link between production and rig count, enabling oil and gas producers to drill more wells for every rig and prompting analysts to divine new metrics.  More »

U.S. oil and gas rigs rise to five-week high, Baker Hughes says

The U.S. total count has declined by nine this year even as production climbed as producers used new drilling technologies to shorten the time it takes to bore wells and boost productivity in shale formations.  More »

US energy rigs decline

Rigs targeting oil and natural gas in the U.S. declined by 13 this week to 1,743, according to Baker Hughes Inc.  More »

US energy rigs grow to 2013 high on oil price surge

Oil and gas rigs in the U.S. gained for the sixth time in seven weeks, reaching the highest level this year as producers boosted drilling to profit from a $9-a-barrel surge in crude prices over the past two months.  More »

New wells proliferate across the Eagle Ford Shale

In the second quarter of this year, there were 1,050 new Eagle Ford wells – which means each rig working in the region drilled 4.56 wells.  More »

Energy rigs advance as crude oil prices prompt more drilling

Oil and gas rigs in the U.S. advanced to a four-month high as drillers moved to take advantage of rising prices.  More »

US rig count climbs to 1,759

Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. increased by two this week to 1,759.  More »

Rigs in the Eagle Ford Shale – and across the U.S.

Texas has 832 drilling rigs looking for oil and gas – about 47 percent of all U.S. rigs and a quarter of drilling rigs worldwide, according to the latest Baker Hughes Rig Count.  More »

Natural gas production remains stable despite low price

Natural gas production is staying stable, despite a price drop of nearly a dollar in the past three months.  More »

US rig count drops, as international numbers rise

The average U.S. rig count fell by more than 10 percent in May compared to the same month a year ago, even as the international rig count rose 4.7 percent, oil field services firm Baker Hughes said Friday.  More »
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