The total number of total active drilling rigs in the United States stayed the same this week, according to new data from Baker Hughes published on Friday.
A survey of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023, about 4.6 per cent lower than the $93.65 consensus in a November survey
U.S. Rig Count Sees Small Increase In Thanksgiving Week
The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Wednesday instead of Friday this week due to the Thanksgiving holiday.
U.S. Rig Count Sees Highest Weekly Gain Since July
The number of total active drilling rigs in the United States rose by 9 this week, according to new data from Baker Hughes published on Friday. It is the largest single-week increase since the end of July.
A global oil shortage and high fuel prices has triggered calls from President Joe Biden’s administration for U.S. shale producers to spend more of their profits to boost output.
Shale Refracs: Next Big Thing, or a Piece of the Big Puzzle?
Recent studies have reignited the question of whether US oil and gas companies are ignoring the opportunity to refracture large swaths of maturing assets.
With frac crews and equipment tight, is smooth sailing still an option for upstream oil in 2023?
The pace of drilling and well completions activity in US oil and gas fields has slowed in late 2022 from the ramp up seen earlier in the year as premium equipment and crews to run it have become increasingly tight.