U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Jan. 12. The oil and gas rig count, an early indicator of future output, fell by two to 619 in ...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-November, energy services firmBaker Hughessaid in its closely followed report on Dec. 21. The oil and gas rig count, an early indicator of futur...
The oil and gas rig count, an early indicator of future output, rose by one to 593 in the week to February 28, its highest since June. Despite this week's rig increase, Baker Hughes said the total count was still down 36 rigs, or 6% below this time last...
Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 101. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to fo...
Oil PublishedNovember 11, 2022 3:46pm EST US drillers add oil and gas rigs for second week in a row: Baker Hughes Energy Information Administration cut its forecast for next year's crude output growth by 21% Facebook Twitter Comments ...
U.S. oil rigs rose by six to 500 this week, while gas rigs fell by four to 114, their lowest since early September. Data provider Enverus, which publishes its own rig count data, said drillers cut 13 rigs in the week ended Nov. 15, cutting the total to 690. Nevertheless, the over...
The US oil and gas rig count shot up 13 to 713 for the week ended Nov. 1, according to an S&P Global Commodity Insights analysis, as the week concluded with two big land drillers reporting earnings and saw a constructive drilling landscape for 2024. While most basins gained a rig or ...
Drillers cut two oil rigs in the week to Aug. 3, bringing the total count down to 859, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. More than half the total oil rigs are in the Permian basin in west Texas and eastern New Mexic...
U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to…
Mining output rose 1.7 percent on higher production at coal mines and oil and gas drillers. Overall industrial production is up 3.9 percent from November 2017. But manufacturing was flat in November after falling 0.1 percent in October. Factories are contending with a stronger dollar that makes ...