US Oil Drillers Continue to Pull Back As Prices Bite

US Oil Drillers Continue to Pull Back As Prices Bite

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 10-rig decrease last week, and a 6-rig decrease the week before that. The total rig count in the US fell by 3 to 563 rigs, according to Baker Hughes, down 37 from this same time last year. The number of oil rigs fell by 4 to 461 after falling by 8 during the previous week…

U.S. oil companies are 'battening down the hatches'

U.S. oil companies are pulling back as lower commodity prices take a toll.

U.S. Oil and Gas Drillers Pull Back as Low Oil Prices Bite: Rig Counts Signal Caution

As part of the Sandstone Teams services, we offer a review of oil and gas deals for our clients. We gain valuable insights into actual data points across various fields in the U.S. One key aspect is examining the well economics for each well and how it impacts the entire group or deal. We are seeing strong oil demand, and Rystad has noted some issues on the supply side in its reporting. There is no oil glut, so the fear that OPEC+ may try to pic…

U.S. rig count decreased by 3 is at 563 – Oil & Gas 360

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 3 over last week, resulting in a total count of 563 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 112 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Eagle Ford region experienced an increase this week. Meanwhile, 5 regions experienced a decrease this week: The Ardmore Woodford is at 3, down 1. The Cana Woodfor

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

The oil and gas rig count fell by three to 563 in the week to May 30. Baker Hughes said this week's decline puts the total count down 37 rigs, or 6%, from this time last year.

United States Baker Hughes US Oil Rig Count fell from previous 465 to 461

United States Baker Hughes US Oil Rig Count fell from previous 465 to 461