Rig count snaps losing streak, jumps up 17
This was only the third, double-digit increase in the count of oil rigs this year.
View ArticleTotal U.S. rig count dips below 700 for first time since 1999
The year fittingly ended with the oil rig count declining by two rigs for a 2015 defined by energy austerity as the price of oil plummeted beginning in the latter half of 2014, according to weekly data...
View ArticleOil rig count plummets to start 2016
West Texas' seemingly resilient Permian Basin led the way with the loss of eight rigs, while southern Texas' Eagle Ford shale dipped by five rigs, according to weekly data released by oil field...
View ArticlePermian, Eagle Ford combine for 10 shut down rigs
The oil-soaked Permian Basin in West Texas, which had remained a favorite among U.S. exploration and production companies despite the prolonged crude slump, showed continued signs of weakness this week.
View ArticleTexas leads the way in another rig count decline
South Texas' Eagle Ford shale saw four more rigs go dark this week, while West Texas' Permian Basin lost another three rigs, according to according to weekly data released by oil field services firm...
View ArticleBaker Hughes loses $1 billion in the fourth quarter
The company forecasts additional tough times in 2016 as crude prices remain stuck around $30 a barrel.
View ArticleOil rigs fall under 500 in latest count
Oil drillers sidelined another 12 rigs this week, bringing the number of rigs chasing crude under 500 for the first time since 2010.
View ArticleDrillers shut down dozens of rigs last week, biggest pull-back since April 2015
Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
View ArticleRig count tumbles again
The total rig count, which when including natural gas rig fell by 30, now stands at 541.
View ArticleTexas adds 13 drilling rigs as oil prices improve
This week saw the third straight week of rig count increases nationally for the largest three-week jump since last July. The number of rigs seeking oil had sunk almost every week from August through...
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