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Tag: oil rigs
US Oil Drillers Cut Rigs, Count Falls By Two
2019-05-10 19:35:21| OGI
The rig count has declined over the past five months as independent E&P companies cut spending on new drilling as they focus more on earnings growth instead of increased output.
US Oil Drillers Cut Rigs For First Time In Three Weeks
2019-04-18 20:40:28| OGI
The rig count fell for the past four months and production growth in the Permian Basin and other key shale basins have slowed as oil prices fell and many independent shale companies cut spending.
US Drillers Add Oil Rigs For Second Week In A Row
2019-04-12 19:54:06| OGI
Companies added two oil rigs in the week to April 12, bringing the total count to 833, Baker Hughes, a GE company, said in its weekly report.
Oil Holds Gains as U.S. Rigs Idled Before Doha Freeze Meeting
2016-04-12 04:18:33| Oil & Gas - Topix.net
Oil held gains after the biggest jump in almost two months as U.S. drillers idled more rigs ahead of talks between the world's biggest producers about freezing output. Futures were little changed in New York after increasing 6.6 percent Friday, the most since Feb. 12. The number of active oil rigs fell for the 15th time in 16 weeks to the lowest level since 2009, according to data from Baker Hughes Inc. Venezuela said the first step at the April 17 meeting in Doha between suppliers including Saudi Arabia and Russia should be to cap production.
U.S. drillers cut oil and gas rigs for 15th straight week -Baker Hughes
2016-04-02 17:13:16| Oil & Gas - Topix.net
April 1 The number of rigs drilling for oil and natural gas in the United States fell for the 15th straight week to the lowest level since at least 1940, data showed on Friday, as the energy price rout takes its toll on shale producers' financing and their ability to drill new wells. Drillers cut 14 oil and gas rigs in the week to April 1, bringing the total rig count down to 450, oil services company Baker Hughes Inc said in its closely followed report.
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