U.S. Natural Gas Rig Count Up One as Overall Drilling Activity Slows
The U.S. natural gas rig count rose by one unit to 98 for the week ending Friday (Aug. 16), according to updated data from Enverus and Baker Hughes Co. (BKR).
The U.S. natural gas rig count rose by one unit to 98 for the week ending Friday (Aug. 16), according to updated data from Enverus and Baker Hughes Co. (BKR).
Natural gas-focused mergers and acquisitions (M&A) among upstream North American firms have slowed amid a historic slump in gas prices, according to a new analysis by Enverus Intelligence Research (EIR).
The U.S. natural gas rig count rose by three units to 103 for the week ending Friday (July 19) as drilling activity picked up, according to updated Enverus and Baker Hughes Co. (BKR) data.
The U.S. natural gas rig count fell by one unit to 100 for the week ended Friday (July 12) as drilling activity leveled off, according to updated Enverus and Baker Hughes Co. (BKR) data.
The U.S. natural gas rig count increased by one to make it an even 100 for the week ending Friday (May 31), while a one-rig decrease in the oil patch left the combined domestic tally unchanged at 600, according to updated numbers published by Baker Hughes Co. (BKR).
Mega-tech operators are in pursuit of land and power generation to supply the stampede of data center facilities set to be built across the United States, which may translate into higher natural gas consumption.
The Gulf of Mexico (GOM) for decades was the breadbasket for U.S. natural gas and oil production, but the Lower 48 took over as unconventional drilling uncorked massive reserves. As onshore activity has waned, however, the deepwater is once again beckoning.
Merger and acquisition (M&A) activity in the Lower 48 upstream segment doubled year/year during the second quarter in terms of transacted value, with 20 deals totaling $24 billion, according to the latest tally by Enverus Intelligence Research (EIR).
Sponsoring U.S. natural gas projects will be a solid bet for years to come as overseas demand grows, and as the fuel supports the energy transition, according to private equity (PE) investors.
With a sharp decline in upstream activity foreshadowing a potential curtailment in domestic production, and with summer cooling demand just around the corner, natural gas forwards rallied during the May 11-17 trading period, NGI’s Forward Look data show.