Fitch Assigns Patterson-UTI First-Time 'BBB-' Rating; Outlook Stable
Fitch Ratings - New York - 01 Sep 2023: Fitch Ratings has assigned a 'BBB-' first-time Long-Term Issuer Default Rating (IDR) to Patterson-UTI Energy, Inc. (PTEN).
Oil Prices Continue to Rise as Drilling Slows Down
The total number of active drilling rigs in the United States dropped by 5 this week, reaching a count of 659, according to new data from Baker Hughes.
ConocoPhillips misses on profit, hikes full-year output forecast
HOUSTON, Aug 3 (Reuters) - U.S. oil and gas producer ConocoPhillips (COP.N) slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit.
The total number of total active drilling rigs in the United States fell by 5 this week, after a 6-rig increase last week, according to new data from Baker Hughes published Friday.
Saudi output cuts helping drive up global oil markets
HOUSTON, July 12 (Reuters) - Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expanded production cuts of higher-sulfur oil in the first sign its efforts to prop up global prices is having an impact.
U.S. Drillers Add Gas Rigs As Oil Rig Count Slips Further
Editor OilPrice.com
Fri, July 7, 2023 at 7:12 PM GMT+3·2 min read
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The total number of total active drilling rigs in the United States rose by 6 this week, after falling by 8 last week, according to new data from Baker Hughes published Friday.
Since the surprise OPEC+ production cuts in April, analysts have made the mistake of assuming supply interventions are necessarily bullish despite their implications.
U.S. Oil And Gas Rig Counts Decline For Second Consecutive Month
The total number of total active drilling rigs in the United States fell by 8 this week, according to new data from Baker Hughes published Friday, falling by 74 rigs over the last two months.
U.S. Oil And Gas Rig Counts Decline For Second Consecutive Month
The total rig count in the United States has dropped to 674 this week, which is 76 rigs fewer than this time last year and 401 fewer than the count at the beginning of 2019, before the pandemic.
The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over the last two months.
Could oil fall below $60? Here’s what’s moving crude prices
Global oil analyst Osama Rizvi of Primary Vision Network shares with Yahoo Finance’s Angela Barnes where he thinks oil prices could be heading - and the key events investors should be watching that could cause a market shift.
The total number of total active drilling rigs in the United States fell by 8 this week, according to new data from Baker Hughes published Friday, falling by 57 from in the last six weeks.