Archive for the ‘Granite Wash’ Category
BHI: Oil rigs lift overall US rig count by 10
August 19th, 2016 by Latest News
Entirely comprising oil-directed units, the US drilling rig count increased by 10 during the week ended Aug. 19, according to data from Baker Hughes Inc.
Texas joined several other producing US states in a lawsuit challenging the US Environmental Protection Agency’s final rule limiting methane emissions from new oil and gas wells and storage tanks, and from wells producing fewer than 15 b/d of oil.
TAEP: Upstream job losses in Texas eclipse 100,000 despite rising oil prices
June 27th, 2016 by Latest News
An increase in crude oil prices in Texas to $43.38/bbl in May from $27.08/bbl in February couldn’t prevent the tally of upstream job losses from surpassing 100,000, according to the Texas Alliance of Energy Producers’ latest Texas Petro Index (TPI).
Upward movement in the US rig count halted for the week ended June 27, declining 3 units to 421 rigs working, indicates the latest data from Baker Hughes Inc. The overall count was weighed down by a 7-unit drop in oil-directed rigs.
The overall US drilling rig count increased for the second consecutive week, perhaps signifying the beginning of a light rebound in wake of a year-and-a-half-long drilling dive.
Devon to divest upstream assets for $1 billion
June 6th, 2016 by Latest News
Devon Energy Corp., Oklahoma City, said it is selling about $1 billion in upstream assets to undisclosed buyers. The sales are expected to be completed in this year’s third quarter.
The overall US rig count heads into the Memorial Day weekend unchanged compared with the week-ago total, a sign that the US drilling segment could finally be stabilizing.