Auto Added by WPeMatico
Dec 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by seven to 589 in the week to …
U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes Read More »
Summary US gas output to fall in 2024 for first time since 2020 US spot gas prices to rise over 40% in 2025 from 2024 levels US LNG exports to jump 14% in 2025 over levels in 2024 (Reuters) – U.S. natural gas producers will boost output in 2025 following a series of production cuts …
U.S. Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in Six, Baker Hughes Says Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …
U.S. Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes says Read More »
U.S. energy firms this week cuts oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 586 in the week to Aug. 16. Baker …
U.S. Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks – Baker Hughes Read More »
HOUSTON, (Reuters) – An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said. Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well. …
New Drilling Technology to Put Billions of Barrels of Oil in Reach Read More »
Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies as OPEC also plans to unwind its output cuts later in the year. Producers are extending their wells to as much as three miles, squeezing …
U.S. Shale Companies Produce More Crude Using Fewer Rigs Read More »
Helmerich & Payne’s planned takeover may be a sign of things to come. US shale drilling activity appears to have peaked. The number of operating onshore oil rigs is the lowest since 2021, a result of industry consolidation and tighter spending as companies return more profits to shareholders. That presents a challenge for the country’s oil-field contractors. …
Middle East Oil Gives U.S. Drillers an Opportunity for Growth Read More »
By Reuters (Reuters) – Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. …
Baker Hughes Sees Lower North America Activity; Bets on Foreign Demand Read More »
