Rig Report

Oil Rig counts up for week ending Nov. 4

Oil rig counts in the US were up by 34 for the week, the largest weekly jump in oil rig counts since oil and gas counts were first tracked separately in 1987. However natural gas rigs declined by 27, the largest weekly drop since April 2009. Still the overall US rig count rose to the [...]

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Natural Gas Rig Count for Feb 4

The natural gas rig count dropped by 2 during the last week, for a total of 911 rigs. Although this is the first drop in 3 weeks, the count hit an 11-month low of  902 as recently as 3 weeks ago on January 14. Here is a summary of the changes over time to keep the [...]

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Baker Hughes: US Oil, Gas Rig Count Up 12 To 1,539 This Week

Baker Hughes: US Oil, Gas Rig Count Up 12 To 1,539 This Week. Even with the GOM shut down, oil rig counts rise while NG rigs drop just 1.  The GOM shutdown is deepwater rigs affecting 30+ rigs or so. Big news for the area and you will hear a lot about it on the [...]

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Rig Count Down on Gulf Drilling Ban

GoM Ban Pulls Down U.S. Rig Count – Zacks.com. The impact of the  Gulf of Mexico deep water drilling ban is being felt in the rig count as oil rigs in the Gulf dropped from 27 to 9 and gas rigs dropped from 19 to 14. Overall the total US rig count declined by 29 [...]

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US Oil, Gas Rig Count Up 12 To 1,518

Baker Hughes: US Oil, Gas Rig Count Up 12 To 1,518 This Week. Gas rig count was up 18, oil rigs down 6. Unless people stop drilling, natural gas prices are not going up. The number of oil and gas rigs climbed to 1,518, up 12 rigs from the previous week, according to data from [...]

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US rig count increases by 9 to 1,492 – Yahoo! News

US rig count increases by 9 to 1,492 – Yahoo! News. Oil rigs continue to increase and gas rigs decrease as the price difference between oil and gas continues to widen. HOUSTON – The number of rigs actively exploring for oil and natural gas in the U.S. increased by nine this week to 1,492. Houston-based Baker Hughes [...]

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Nickle’s Rig Locator

Nickle’s Rig Locator | JuneWarren-Nickle’s Energy Group. Nickle’s Rig Locator provides a good summary of current rig activity in Canada Tweet

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Halliburton’s leader sees no sharp falloff

Halliburton’s leader sees no sharp falloff | Business | Chron.com – Houston Chronicle. The shift of drilling resources to oil and liquid rich gas is real is a gimme with the big price difference between oil and natural gas but I will be surprised if there is NO drop off in drilling activity. I guess [...]

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Petrohawk Energy Corporation Shifts Capital to Eagle Ford Shale

PRNewswire-FirstCall -. Petrohawk will shift resources from Haynesville to Eagle Ford as well as reduce the overall drilling budget.  Oil is very profitable right now and Eagle Ford has a higher potential for oil and condensates than does Haynesville. Of the Company’s total Eagle Ford Shale holdings of approximately 360,000 net acres, approximately 225,000 net acres [...]

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Is the Natural Gas Glut Disappearing?

“The Disappearance of the Natural Gas Glut” by Bill Powers. FSO Editorial 02/24/2010. I am a little dubious of this analysis but you need to see all sides of an issue. While it is fair to say NG supply is going to shrink through 2010, that is off an all time high in supply. I [...]

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