A remarkable oil rally has seen oil prices climb almost 34 percent so far this year. Bullish sentiment is now driving speculation of $100 oil in 2021 as collective confidence of a rebound in global economic activity gains momentum. However, there are plenty of bearish factors that remain in oil markets that analysts would do well not to overlook.
Oil And Gas Rig Count Jumps As Oil Nears 3-Year High
The number of oil and gas rigs in the United States is up 5 this week, according to Baker Hughes, with the total rig count holding fast at 475, which represents an increase of 212 rigs this year.
Lower 48 E&Ps Working Down DUC Count as Development Looks to Accelerate
U.S. oil and gas producers have held the line on capital spending and concentrated on completing wells rather than costly new development, the Energy Information Administration (EIA) said.
Oil Rig Count Falls As U.S. Drillers Exercise Caution
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week, with the total rig count holding fast at 470 as U.S. drillers boast more than 200 additional rigs this year.
The Commodities Feed: Nuclear deal remains elusive
Despite downward pressure on much of the commodities complex last week following the FOMC meeting, oil finished the week on a relatively strong footing, and in fact, still managed to settle higher on the week.
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers boast more than 100 additional rigs this year.
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell this week, bringing the total rig count to 456—still a more than 100-rig gain since the start of the year.
Oil Rig Count Rises As Brent Prices Flirt With $70
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 again this week, bringing the total rig count to 457—a more than 100-rig gain since the start of the year.
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 455—a more than 100-rig gain since the start of the year.
Rebounding Frac Activity Starting To Hit Constraints, Growing Cost Pressures
HOUSTON–The U.S. oil and gas industry has survived some huge market shocks during the past year, but even through adversity, the industry has persisted and remains on a path of growth for 2021.
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 5 this week, bringing the total rig count to 453.
US oil, gas rig count rises 6 to 519 as Permian, Eagle Ford lead growth: Enverus
Houston — The US oil and gas rig count rose six to 519 in the week ended March 31, rig data provider Enverus said, as totals in the Permian Basin and Eagle Ford Shale continued to climb.
Haynesville Shale Operator Awards Gas Frac Fleet Contract
Comstock Resources, Inc. (NYSE: CRK) reported Tuesday that it has contracted BJ Energy Services to deploy its next-generation, 100% natural gas-fueled hydraulic fracturing fleet early next year.
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 440.
Oil Boom 2021: Where It Currently Stands And Where We Go From Here
It’s not the leasing, drilling and fracking boom of 2017-2019, but the domestic oil and gas industry finds itself in the midst of a more modest, tech-and-efficiency-driven boom during the first third of 2021 nevertheless.