Nabors CEO: Expect flat oil rig counts in the second half
Nabors CEO Anthony Petrello said the tone of conversations with oil companies has changed since mid-May, when customers were talking about plans to steadily roll out drilling rigs in the second half of...
View ArticleTransocean profit falls 41 percent
Transocean, which has its main U.S. offices in Houston, said its profit of $342 million, or 93 cents a share, was down from $587 million, or $1.63 a share, in the April-June period last year. Revenue...
View ArticleU.S. rig count grows again despite the price of oil still dropping
The U.S. oil rig count increased by six this week, largely buoyed by more rigs added in Texas' Permian Basin, according to according to Baker Hughes, which tracked 29 weeks of decline in the count...
View ArticleU.S. producers idle 13 oil rigs
The fall in the weekly rig count ended a six-week streak of gains and comes after oil prices began crashing again in recent weeks, pulled down by fears of an economic slowdown in China, the world's...
View ArticleNine U.S. oil rigs sidelined this week, Baker Hughes says
The U.S. Energy Information Administration estimates domestic crude production declined by 120,000 barrels a day in September and projects it will fall to an average 8.86 million barrels a day next...
View ArticleProducers idle more rigs
Oil services company Baker Hughes said Friday the oil rig count fell by 10 to 595.
View ArticleU.S. oil rig count down just one, but Permian sees a sharper pullback
Activity in the Permian has steadily decreased over the last few weeks, with 26 oil rigs shut down since Sept. 18.
View ArticleNabors CEO: Expect more exits from U.S. oil patch in fourth quarter
The company recently polled 10 of its customers, a group that represents a large chunk of U.S. drillers, and found just two that considered any possibility that they could put more rigs back to work.
View ArticleOil rig count plunge returns to double-digits
The total count for oil rigs operating across North America now stands at 578, down from a peak of 1,609 in October 2014.
View ArticleOil rigs down six as crude prices resume fall
The most recent Baker Hughes count now puts the current losing streak for rigs at its 10th-straight week.
View ArticleU.S. oil rig count ticks up after 10 weeks of declines
Oil field operators have pulled back about 65 percent of the rigs that were operating at the peak of the U.S. oil boom in October 2014.
View ArticleOil rig count resumes plunge, with Permian among hardest hit
Gains elsewhere in Texas shielded the losses in the Permian Basin, the state's biggest oil and gas field.
View ArticleStartup seeks to power oil drillers with hybrid energy
A recent infusion of capital helped the company fill the demand for renting its turn-key hybrid power generators.
View ArticleRig count drops again with U.S. oil hovering near $40 a barrel
The American oil rig count ticked down to 545 for the week, although the number of rigs seeking natural gas jumped by three up to 192 rigs, according to weekly data released by oil field services firm...
View ArticleU.S. rig count in steepest decline in three months
The number of active U.S. drilling rigs fell by 21 this week, Baker Hughes reported Friday, as crude prices continued to sputter in the wake of OPEC’s move to do away with its longstanding output ceiling.
View ArticleRig 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...
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