Archive for the ‘Granite Wash’ Category

The US rig count during the week ended Oct. 13 declined for the eighth time in 11 weeks. But forecasters continued to see growth in both drilling and production in the coming months and years supported in part by steadier crude oil prices.

Baker Hughes’ overall US rig count increased this week by its largest margin in 2 months, driven by more oil-directed drilling and activity in Utah and the Gulf of Mexico.

Baker Hughes’ overall US rig count increased this week by its largest margin in 2 months, driven by more oil-directed drilling and activity in Utah and the Gulf of Mexico.

The US rig count during the week ended Sept. 22 declined for the
sixth time in 8 weeks, again anchored by a drop in oil-directed rigs.

The overall US rig count has declined for the third straight week and fifth time in 8 weeks, advancing what could be a partial reversal of a drilling rebound that lasted more than a year.
 

The US drilling rig count is seesawing between gains and losses.

Last week’s slight decline in the US rig count may have been more of fluke than a sign of an impending plateau in drilling.

The overall US rig count’s streak of consecutive weekly increases
reached 23 during the week ended June 26, reflecting a continued surge
in oil-directed rigs and more drilling in Oklahoma and North Dakota.

Oklahoma’s Cana Woodford and the New Mexico Permian served as the primarily catalysts behind the 21st consecutive US rig count increase.

The US drilling rebound that extends back almost a year has surpassed another benchmark, rising above 900 in its 18th straight week of gains.