Archive for the ‘Woodford Shale’ Category
BHI: US rig count posts first decline in 24 weeks
June 30th, 2017 by Latest News
After rising in 23 consecutive weeks, the overall US drilling rig count has finally given up a unit.
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 Baker Hughes Inc. US rig count’s 19th straight weekly increase came by way of Colorado and gas-directed rigs instead of the usual lift from Texas and oil-directed rigs.
BHI: Again mirroring Permian activity, US rig count rises in 17th straight week
May 12th, 2017 by Latest News
The US drilling rig count during the week ended May 12 recorded its 17th consecutive increase, bolstered again by rigs targeting oil, drilling horizontally, and stationed on the Permian basin.
BHI: Permian, overall US rig counts each up 7
May 5th, 2017 by Latest News
The rig counts for the US and its largest drilling and production
region each gained 7 units during the week ended May 5, according to
data from Baker Hughes Inc.
BHI: US rig count up double digits for 12th time in 15-week hot streak
April 28th, 2017 by Latest News
The US tally of active drilling rigs increased by 13 to 870 during the week ended Apr. 28, marking the 12th double-digit rise during 15 straight weeks of gains, according to Baker Hughes Inc. data.
Fitch forecasts increasing US rig counts
April 21st, 2017 by Latest News
US exploration and production budgets are expanding for the first
time since 2014, Fitch Ratings said, adding that its analysts expect
higher US rig counts along with increased drilling and completion
spending in 2017 compared with 2016.