Deon
Daugherty
Trending in the Williston: More U-Turn Well Permits
Permitting and drilling activity has remained steady in the Bakken region, showing resilience despite market volatility and geopolitical tensions affecting commodity prices.
Some Privates Capitalizing on Low Completion Costs Amidst Volatility
Liberty Energy CEO Ron Gusek says he sees private companies in strong financial positions adding rigs to drill while completion costs are low and then waiting for a strong price signal to move ahead on production.
Lower 48 Oil Output Forecast Slips as Rig Activity Drops—WoodMac
Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie expert Robert Clarke.
Decline in Drilling Permits Points to Production Plateau
U.S. producers are incrementally cutting back—on spending, drilling and permitting—to navigate evolving volatility, including the Permian Basin where permits declined by as much as 20% since January.
The Latest
US Oil, Gas Rig Count Falls for 4th Month to Oct 2021 Low
The oil and gas rig count fell by seven to 547 in the week to June 27. Baker Hughes said oil rigs fell by six to 432 this week, also their lowest since October 2021, while gas rigs decreased by two to 109.
Trending in the Williston: More U-Turn Well Permits
Permitting and drilling activity has remained steady in the Bakken region, showing resilience despite market volatility and geopolitical tensions affecting commodity prices.
US Drillers Cut Oil, Gas Rigs for Eighth Week in a Row
The oil and gas rig count fell by one to 554 in the week to June 20, the lowest since November 2021.
Some Privates Capitalizing on Low Completion Costs Amidst Volatility
Liberty Energy CEO Ron Gusek says he sees private companies in strong financial positions adding rigs to drill while completion costs are low and then waiting for a strong price signal to move ahead on production.
Drillers Cut Oil, Gas Rigs for 7th Week to Lowest Since 2021, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021.
US Oil, Gas Rig Count Falls for 6th Week to 2021 Lows, Baker Hughes Says
The oil and gas rig count fell by four to 559 in the week to June 6, the lowest since November 2021.
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.
Lower 48 Oil Output Forecast Slips as Rig Activity Drops—WoodMac
Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie expert Robert Clarke.
Decline in Drilling Permits Points to Production Plateau
U.S. producers are incrementally cutting back—on spending, drilling and permitting—to navigate evolving volatility, including the Permian Basin where permits declined by as much as 20% since January.
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.