Tag: rig count

Oil rigs fall by lowest number since December

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.  More »

Crudes’ good day continues as rig count falls

Rigs chasing crude are now at their lowest level since 2011.  More »

Feds: Market forces pushing offshore rig counts down

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.  More »

OPEC expects U.S. oil production to fall in late 2015

OPEC pegs the potential decline in U.S. liquids output at 80,000 barrels a day in the second half of the year, down from a peak of 13.71 million barrels a day in the second quarter to 13.63 million barrels a day by the fourth quarter.  More »

Rig count keeps falling

Data from oil field service company Baker Hughes showed that the number of rigs chasing crude oil rig fell by 56 to 866 this week, its lowest level since March of 2011.  More »

Oil rig count falls by 64

The number of rigs searching or drilling for oil fell by 64 to 922, according oil service company Baker Hughes’ weekly count.  More »

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 »
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