Tag: rig count

Oil rig count falls by 33, as decline continues

The total rig count fell by 43, with 33 oil rigs and 9 gas rigs lost, according to data released Friday by oil service company Baker Hughes.  More »

U.S. rig count falls by 48 as market watches for signs of slowing output

This week’s count brought the number of active U.S. rigs down to 1,310, a figure that has plummeted by more than 460 compared to last year.  More »

U.S. rig count dives by 98, Baker Hughes says

Eighty-four U.S. oil rigs were idled this week and 14 gas rigs stopped running, according to oil field services firm Baker Hughes. Two U.S. offshore rigs became active this week.  More »

North Dakota daily oil production sets record, but rig count dropping

The state’s Mineral Resources Department estimated December production at slightly more than 38 million barrels, or about 1.23 million barrels per day. That broke the November record of 1.19 million barrels per day.  More »

U.S. rigs are being idled, but the oil boom is not ending

The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.  More »

Oil rigs down 83, Baker Hughes says

Rigs searching for crude are now at their lowest level since November of 2011.  More »

Oil surges into bull market as investment cut seen curbing glut

West Texas Intermediate for March delivery climbed $3.48, or 7 percent, to close at $53.05 a barrel on the New York Mercantile Exchange.  More »

Oil rig count falls by 94 in biggest drop since 1987

Petroleum producers released 94 oil rigs this week as sub-$50 oil continued to wreak havoc on the oil industry, Baker Hughes reported Friday.  More »

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 »
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