Articles tagged natural gas drilling

The U.S. natural gas rig count fell two units to 98 for the week ending Friday (June 7) amid a slowdown in Marcellus Shale drilling, updated figures from Baker Hughes Co. (BKR) show.

Contract driller Patterson-UTI Energy Inc. has no plans to add drilling or completion capacity in the Lower 48, as activity is forecast to remain flat through the year, but opportunities exist to enhance and expand the natural gas-powered fleets, CEO Andy Hendricks said.

Haynesville Shale pure-play Comstock Resources Inc. is pumping the brakes on natural gas drilling and shareholder distributions because of low commodity prices.

Oil and gas executives in the Rocky Mountain and Midcontinent regions no longer expect the Henry Hub natural gas price to surpass $4/MMBtu at any point in the next five years, according to the Federal Reserve Bank of Kansas City.

The U.S. natural gas rig count slid one unit to 116 for the week ended Friday (Dec. 1), while gains in the oil patch lifted the overall domestic count to 625, according to the latest figures from Baker Hughes Co. (BKR).

The U.S. natural gas rig count dropped four units to finish at 114 for the week ending Friday (Nov. 17), while gains in the oil patch saw the combined domestic drilling tally rise two units to 618, according to updated numbers from Baker Hughes Co. (BKR).

A more favorable commodities market for oil and gas prices often has led to more U.S. drilling activity, but producers into 2024 may face volatility and less-than-enthusiastic lenders, according to a new survey by Haynes and Boone LLP.

Driven by declines in the Permian Basin, the U.S. rig count dropped five units to 675 for the week ended Friday (July 14), according to the latest tally from Baker Hughes Co. (BKR).

Bucking a recent trend of retrenchment, the U.S. natural gas rig count rebounded sharply during the week ended Friday (July 7), jumping 11 units higher to finish at 135, according to updated numbers from Baker Hughes Co. (BKR).

The U.S. natural gas rig count went unchanged at 151 during the week ended Friday (June 3) amid minor regional adjustments to domestic upstream activity levels, while the Canadian oil count soared, the latest figures from Baker Hughes Co. (BKR) show.