Drilling Rigs

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Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as …

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U.S. Drillers Keep oil and Natgas Rigs Unchanged for Third Week – Baker Hughes

Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, 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, was unchanged at 589 in the week to Dec. …

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U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

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 …

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U.S. Natural Gas Drillers to Lift 2025 Output, Reversing Year of Cuts

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Tri-Pinned, US News / By

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 …

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U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

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 …

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U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in Six, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

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, …

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U.S. Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Oil, US News / By

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 …

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U.S. Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks – Baker Hughes

Conventional Energy, Drilling Rigs, Latest, US News / By

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 …

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New Drilling Technology to Put Billions of Barrels of Oil in Reach

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Offshore, Oil, Pinned Primary, US News / By

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. …

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U.S. Shale Companies Produce More Crude Using Fewer Rigs

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Oil, US News / By

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 …

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