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us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is -1 for the last week.

Total of -10 in oil rigs, +9 in gas rigs and no change in miscellaneous rigs, decreasing the total count of active oil and gas rigs to 1075, compared to 1076 previous week.

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us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is -3 for the last week.

Total of +2 in oil rigs, -5 in gas rigs and no change in miscellaneous rigs, decreasing the total count of active oil and gas rigs to 1076, compared to 1079 previous week.

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us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is -3 for the last week.

Total of -3 in oil rigs, no change in gas rigs and no change in miscellaneous rigs, decreasing the total count of active oil and gas rigs to 1079, compared to 1082 previous week.

Continue reading »

us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is +1 for the last week.

Total of +2 in oil rigs, -1 in gas rigs and no change in miscellaneous rigs, increasing the total count of active oil and gas rigs to 1082, compared to 1081 previous week.

Continue reading »

us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is +14 for the last week.

Total of +12 in oil rigs, +2 in gas rigs and no change in miscellaneous rigs, increasing the total count of active oil and gas rigs to 1081, compared to 1067 previous week.

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us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is -1 for the last week.

Total of -1 in oil rigs, no change in gas rigs and no change in miscellaneous rigs, decreasing the total count of active oil and gas rigs to 1067, compared to 1068 previous week.

Continue reading »

us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is +1 for the last week.

Total of +2 in oil rigs, -1 in gas rigs and no change in miscellaneous rigs, rising the total count of active oil and gas rigs to 1068, compared to 1067 previous week.

Continue reading »

us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is +4 for the last week.

Total of +4 in oil rigs, +1 in gas rigs and -1 in miscellaneous rigs, rising the total count of active oil and gas rigs to 1067, compared to 1063 previous week.

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oil barrel

The Permian increased production faster than expected in October and is projected to grow by nearly 40,000 barrels more than previously estimated, the Energy Department said. By the end of the month, output from the prolific shale play is expected to be just shy of 3.5 million barrels a day.

In November, the Energy Department expects Permian production to grow by another 53,000 barrels a day, putting oil production at 3.55 million barrels a day.

The Permian has faced pipeline constraints as production has outpaced pipeline capacity. Three major projects with a total crude capacity of more than 2 million barrels a day are under construction from West Texas to Gulf Coast markets and export hubs. They are expected to be completed by early 2020.

Estimates of oil production in South Texas’ Eagle Ford Shale for October were revised down by more than 25,000 barrels a day, from near 1.45 million barrels a day to 1.42 million barrels a day. Oil production is expected to grow by 15,000 barrels a day in November, inching close to 1.44 million barrels a day.

Drilled but uncompleted wells, which are wells that oil and gas explorers have drilled but haven’t used hydraulic fracturing or fracking to produce oil and gas, continued to increase. The Permian added 194 such wells from August to September, increasing the total number to 3,722. The Eagle Ford added 18 drilled but uncompleted wells to its inventory, which rose to 1,584 wells.

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us rig count

us rig count

According to the most recent rig count report from Baker Hughes, total US rig count is +11 for the last week.

Total of +8 in oil rigs, +4 in gas rigs and -1 in miscellaneous rigs, rising the total count of active oil and gas rigs to 1063, compared to 1052 previous week.

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