Exploration & Production - Rig Counts


Oilfield Service Deals Stagnate For Want Of Buyers

Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.

Wed, 05/20/2015 - 09:58

EnerVest CEO: $30 WTI Not Out Of The Question

Oil exports are needed, but improbable, as U.S. oil supply builds. Near the end of March, storage at Cushing, Okla., had grown to 58.9 million barrels, about 80% of capacity.

Wed, 04/08/2015 - 16:22

Cushing Storage Capacity Is Being Tested

U.S. crude oil in storage grew by 8.4 million barrels—twice as much as commodity analysts expected—to 1.125 billion barrels for the week ending Feb. 20, according to the EIA’s weekly report Wednesday. Of that, 434 million was in non-SPR storage, up from 363 million a year ago.

Tue, 03/03/2015 - 10:27

Sanchez, Halcón Latest E&Ps To Tamp Down Capex

Halcón’s budget will fall 60% from 2014 levels while Sanchez reduces rigs.

Fri, 01/09/2015 - 11:27

Permian Basin Uses Record Number of Domestic Rigs

The number of rigs in the Permian and the Bakken was analyzed.

Mon, 05/12/2014 - 14:06

Integrated Services Could See Revenues Rise 10% In 2013, Analyst Says

Bakken share gains should reverse as drilling stagnates, activity in other basins expands.

Mon, 01/14/2013 - 14:00

Five Reasons Land Rig Count is Dropping

As operators drill wells more quickly they are meeting program goals with fewer rigs.

Wed, 10/03/2012 - 15:10

Sell-side Piles On Predictions of an Impending Drop In Domestic Rig Count

Sell-side downgrades are coming to the land drilling sector with the rapidity of an auctioneer’s chant.

Richard Mason
Tue, 07/10/2012 - 10:00

Basic Energy Services Reports Selected Operating Data For April 2012

During the month, Basic's fluid service truck count remained unchanged at 915.  Fluid service truck hours for the month were 184,900, compared to 195,900 and 171,700 in March 2012 and April 2011, respectively.

Tue, 05/15/2012 - 11:44

CERAWeek: Tight Oil Poised To Be A Production Game-Changer

In looking at the current oil versus gas rig count, this is the first time since the early 1990s that the oil rig count in the U.S. has exceeded the gas rig count.

Thu, 03/15/2012 - 13:25

Baker Hughes Announces January 2012 Rig Counts

The U.S. rig count for January 2012 was 2,003, unchanged from the 2,003 counted in December 2011 and up 292 from the 1,711 counted in January 2011.  

Tue, 02/07/2012 - 12:44

How Oil And NGL Revenue Are Negating Declining Gas Prices

It’s going to take an extended run of puny natural gas prices to negatively impact activity levels.

Richard Mason
Mon, 02/06/2012 - 15:30