Oil Price Drop Could Lead to Rig Count, Frac Crew Decrease

Oil price drop could lead to rig count, frac crew decrease

BISMARCK, ND — Industry observers say the recent drop in crude oil prices to around 60-dollars a barrel could lead to a similar drop in both rig counts and frac crews. The state’s Mineral Resources Director — Nathan Anderson — says these factors, including recent mergers, will have an impact on the industry.  He says he hears this from both large and small companies.  Other analysts say it probably won’t be a long-term concern but is instead ano…

Oil Rig Count Plunges Amid Scary Price Environment

The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 10 to 566 rigs, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs fell by 8 to 465 after falling by 1 during the previous week—and down by 32 compared to this time l…

A 4-YEAR LOW - US Drillers Cut Oil, Gas Rigs to Lowest Since November 2021, Baker Hughes Says - Energy News, Top Headlines, Commentaries, Features & Events

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row, bringing the count to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future ...

U.S. rig count decreased by 10 is at 566 – Oil & Gas 360

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 10 over last week, resulting in a total count of 566 rigs. Canada had a increase of 7 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Utica region experienced an increase this week. Meanwhile, 7 regions experienced a decrease this week: The Ardmore Woodford is at 4, down 1. The Arkoma Woodford 

US Drillers Cut Oil, Gas Rigs to Lowest Since November 2021—Baker Hughes

This week has been the first time since September 2024 that drillers have reduced the number of rigs four weeks in a row.

United States Baker Hughes US Oil Rig Count registered at 465, below expectations (473)

United States Baker Hughes US Oil Rig Count registered at 465, below expectations (473)