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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is -2 for the last week.

Total of -1 oil rigs, -1 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 950, from 952 previous week.

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oil market

oil market

U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells.

By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according to estimates from the U.S. Energy Information Administration.

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us rig count

oil rig

After a good last week, we have a week with unchanged number of active rigs. According to the most recent rig count report from Baker Hughes, total US rig count is +0 for the last week.

Total of +2 oil rigs, -2 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 952, from 952 previous week.

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refinery capacity

As of January 1, 2017, U.S. operable atmospheric crude distillation capacity reached 18.6 million barrels per calendar day (b/cd), 1.6% higher than at the beginning of 2016 according to EIA’s recently released annual Refinery Capacity Report.

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us crude

us crude

India, the world’s third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October, Reuters reported.

The purchase comes after Indian Prime Minister Narendra Modi’s visit to the U.S. in June when President Donald Trump said his country looked forward to exporting more energy products to India.

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u.s. jobs

u.s. jobs

API has released a new study, “U.S. Oil and Gas Infrastructure Investment Through 2035,” that shows private investment in U.S. natural gas and oil infrastructure could create over 1 million U.S. jobs.

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us rig count

oil rig

After a decline last week, we have another week of added active rigs. According to the most recent rig count report from Baker Hughes, total US rig count is +12 for the last week.

Total of +7 oil rigs, +5 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 952, from 940 previous week.

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lng

lng

Poland expects to sign a long-term deal for liquefied natural gas (LNG) supplies from the U.S. to reduce its reliance on Russian gas, the country’s President Andrzej Duda said after meeting U.S. president Donald Trump.

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GE Baker Hughes

GE Baker Hughes

General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue.

The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock Exchange under the stock ticker “BHGE.”

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us rig count

oil rig

For the first time since January total count of active drilling rigs went down. According to the most recent rig count report from Baker Hughes, total US rig count is -1 for the last week.

Total of -2 oil rigs, +1 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 940, from 941 previous week.

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