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Press

Shale lessons for 2026: Price matters less as efficiency rises

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New Year Begins With a Decline in U.S. Oil and Gas Rigs

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New Year Starts With Fewer U.S. Oil and Gas Rigs

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Nabors Industries price target raised to $64 from $56 at Susquehanna

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US Oil Drilling Activity Ends Down for 2025, But Production Still Near Highs

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US Oil Drillers See Increased Activity

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US Oil Drillers Slow Activity In Tough Price Environment

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US Drillers Add Oil Rigs As Analysts Warn of Incoming Glut

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US Oil Rig Count Stages A Comeback After Last Week’s Losses

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US Rig Count Falls Off a Cliff In Thanksgiving Week

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‘Breakeven’ prices are more complicated than you might think

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US Drillers Pick Up The Pace

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All Press Releases

Rig Count Climbs As Oil Prices Bounce Back

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Rig Count Climbs As Oil Prices Bounce Back

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Slips

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Report: Oil Producers Try ‘Re-Fracs’ to Get More Product out of Established Wells

This strategy will allow producers to use the high cost of crude to support operations without making major investments in new wells and refineries while weighing future uncertainties, Reuters reported.

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U.S. Oil Rig Count Jumps As Crude Holds At $120

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. March Oil Production Recovers

All of the oil (C + C) production data for the US state charts comes from the EIA's Petroleum Supply monthly PSM.

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How The EU Plan To Ban Russian Oil Could Cause Stagflation

The war in Ukraine has highlighted the depth of global connectivity and interdependence, exposed the energy security of Europe, and put the post-Pandemic economic recovery in doubt. However, one of its most important contributions has been to accelerate the post-Covid legacy that is rising inflation.

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Oil prices: the biggest tail-risk for Pakistan’s economy

As energy prices continue to increase and central banks around the world embark on a net tightening policy – (there were more than 60 increases in the last three months) – and there seems to be no end in sight to the war in Ukraine (affecting global food prices to which emerging markets and developing countries are most vulnerable too), Pakistan as a country faces a tail risk that no one is taking seriously.

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A shale booster shot: 'Re-fracs' rise as cheap way to lift U.S. oil output

June 27 (Reuters) - U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of a finishing a new well.

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Permian Drillers Lead The Charge As Rig Count Climbs

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Continues To Rise As WTI Hits $110

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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U.S. Rig Count Ticks Higher As Oil Prices Head For Another Weekly Gain

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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The Rig Count Climbs As Markets Clamor For More Oil

The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday.

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Changes seen in hydrocarbon trade as countries compensate for Russian supply losses

Global oil and gas trade traffic has started to change with the West looking more to the Middle East and West Africa in a bid to reduce reliance on Russian supplies, and as Russia directsmore exports to Asia.

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Frac fleet shortage slows US shale growth

Shortfalls in hydraulic fracturing capacity, needed to bring new wells on stream, will hamper efforts to raise US shale oil output this year.

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Liberty CEO warns of tight U.S. frac market, will not add new fleets

DENVER- U.S. hydraulic fracturing firm Liberty Oilfield Services on Thursday warned that demand for fracking services will outpace availability, adding that it has no plans to build new frac fleets.

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Liberty Oilfield Services reports quarterly loss, sees tight frac market

Liberty said the U.S. hydraulic fracturing market is nearing full utilization as demand has increased but supply is limited due to labor shortages, supply chain constraints, and continued equipment attrition.

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Counting frac spreads gives clearer picture of activity

Every Friday a spotlight is shown on the nation’s drilling activity as oilfield services company Baker Hughes releases its weekly rig count.

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Replacing Druzhba p/line flows poses difficulties for EU’s Russian oil phase-out plan

The European Union (EU) could phase out 80% of Russian oil by the year-end and 100% by the end of 2023 with an orderly plan supported by further releases of strategic petroleum reserves (SPR) to fill the supply gap, according to energy experts.

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Counting frac spreads gives clearer picture of activity

Every Friday a spotlight is shown on the nation’s drilling activity as oilfield services company Baker Hughes releases its weekly rig count.

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Texas Natural Gas, Oil Drilling Permitting Jumps 38% in February

The Railroad Commission of Texas (RRC) reported that it issued 38% more original drilling permits year/year across the Lone Star State in February. The natural gas and oil industry regulator granted 836 drilling permits in February, compared to 606 during the same month last year. Texas, particularly the Permian Basin, has been leading “the U.S. onshore in completion activity,” Primary Vision’s Mark Rossano, partner/lead analyst, told NGI. “The Permian is operating at levels we saw in 2018/2019 given the pricing and proximity to the coast, but we are currently running at or near full utilization rates in the area.”

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U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge

The number of total active drilling rigs in the United States rose by 3 this week, as WTI trades at more than $100.90 per barrel.

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U.S. Oil Rig Count Rises But Production Lags Behind

The number of total active drilling rigs in the United States rose by 7 this week, as WTI trades at more than $113 per barrel.

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US oil, gas rig count drops one to 780 on week; Eagle Ford growth strongest: Enverus

The US oil and gas rig count shed one rig in the week ended March 23, leaving 780, energy analytics and software company Enverus said March 24, with the Eagle Ford Shale now at its highest level since March 2020.

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