US oil, gas rig count rises by three on week to 382: Enverus
The US oil and natural gas rig count rose by three to 382, Enverus said Nov. 19, ahead of the Thanksgiving holiday week when drilling typically slows as upstream budgets Continue Reading
Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch
After a wave of bankruptcies in the third quarter, oil producers and oilfield services companies in the U.S. shale patch continued to file for protection from creditors at the start Continue Reading
Drilling Productivity Report
NOTE: The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. Continue Reading
Wyoming Becomes A Haven For The Super Rich As Its Oil Industry Crumbles
The great outdoors and the super tax-friendly policies in Wyoming are attracting a growing number of the ultra-wealthy to the Cowboy State in search of quiet scenic retreats from the Continue Reading
U.S. Oil Rig Count Rises For The Eighth Week In A Row
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions. The total number of Continue Reading
The Oilfield Services Sector Is Showing Signs Of Recovery
The U.S. oilfield services sector added more than 6,400 new jobs last month. in the latest sign that things are beginning to look up for the embattled industry. There has Continue Reading
Baker Hughes Counts Show 15 More Rigs
The rotary rig counts for the US and Canada rose this past week. The rotary rig counts for the United States and Canada increased by a total of 15 this Continue Reading
Renting a Slice of U.S. Oil’s Hot Spot Is 70% Cheaper After Rout
The price to drill an acre of land in the biggest U.S. shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions. Drilling rights Continue Reading
World’s Top Oil Trader Weighs U.S. Shale Acquisitions
The world’s largest independent oil trader, Vitol Group, is considering potential acquisitions in the U.S. shale patch, chief executive Russell Hardy said on the Reuters Commodity Trading Summit on Tuesday. Continue Reading
The Road To Recovery Is Long For Oilfield Services
“This has probably been the most challenging quarter in past decades,” Schlumberger’s chief executive Olivier Le Peuch said in the second-quarter results release of the world’s largest oilfield services provider. Continue Reading