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Permian Operator Matador Resources To Cut Rig Count In Half

2020-03-12 10:10:00| OGI

Matador Resources CEO Joseph Wm. Foran said he also voluntarily agreed to reduce his base salary by 25% as the Permian Basin operator responds to a slump in oil prices.

Tags: resources half cut count

 

US Rig Count Rises Despite Oil Producers Pledging To Reduce Drilling This Year

2020-03-06 19:15:00| OGI

Exxon Mobil, which analysts say is operating the most U.S. rigs, said March 5 that it would cut about 20% of the 58 rigs it was operating in the Permian Basin this year.

Tags: year count reduce oil

 
 

Chart: Eastern Rig Count As Of March 6, 2020

2020-03-06 07:00:00| OGI

Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia

Tags: march count eastern chart

 

Chart: Gulf Coast Rig Count As Of March 6, 2020

2020-03-06 07:00:00| OGI

Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore

Tags: march count coast chart

 

US Oil Rig Count Falls Slightly As Producers Cut Spending

2020-02-28 19:31:30| OGI

Drillers cut one oil rig in the week to Feb. 28, bringing down the total count to 678, energy services firm Baker Hughes Co. said in its weekly report.

Tags: cut count oil slightly

 

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