Archive for the ‘Granite Wash’ Category
Rig deployment in the US continued to pick up steam during the week ended Feb. 3 as Baker Hughes Inc.’s tally of active units recorded its third consecutive weekly double-digit increase.
BHI: US rig count up 17, surpasses 700 mark
January 27th, 2017 by Latest News
The US drilling rig count increased by 17 during the week ended Jan. 27 to 712 active units, according to data collected by Baker Hughes Inc.
The overall rise continues to reflect a resurgence in units targeting
crude oil, drilling horizontally, and …
The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound.
TAEP: Texas oil, gas economic contraction hit 2-year mark in November
January 4th, 2017 by Latest News
The Texas upstream oil and gas economy contracted in November for the 24th consecutive month, according to the Texas Alliance of Energy Producers’ Texas Petro Index (TPI).
A recent surge in the US rig count has included double-digit increases in 7 of the last 12 weeks.
TAEP: Texas Petro Index down in 23rd straight month, but just barely
December 1st, 2016 by Latest News
A near 2-year-long contraction of the Texas oil and gas industry economy now dwindles as higher wellhead prices have revived the state’s drilling and permitting activity.
The US drilling rig count jumped 20 units to 588 during the week ended Nov. 18, according to Baker Hughes Inc. data. It’s the count’s largest increase since April 2014, several months before the beginning of a steep drilling dive the lasted a year and a half.
TAEP: Texas upstream economy contracted in August for 21st straight month
October 7th, 2016 by Latest News
The upstream oil and gas economy in Texas contracted in August for the 21st consecutive month, according to the Texas Alliance of Energy Producers’ Texas Petro Index (TPI).