Rig count off 12 from last week

The number of active US drilling rigs dropped by 12 over the past week and is at 775 today, according to information released by Baker Hughes. The count is down 1,154, or 60%, from the same week a year ago. The Canadian rig count rose by one to 191. The number of working rigs in Canada […]

Hurricane Patricia threatens oil and gas operations

Oil and gas operations in Texas and perhaps other areas of the Gulf Coast and Southeast could be impacted by heavy rain and strong winds associated with Hurricane Patricia, which is expected to make landfall in Mexico today as the strongest storm ever recorded in the Western Hemisphere. Patricia is a Category 5 storm with […]

Total rig count unchanged; crude prices move lower

The number of active rigs drilling for crude oil and natural gas in the US is unchanged over the past week, according to information released by Baker Hughes today. The 787 operating rigs as of the week ended Oct. 23 is 1,140 fewer, or nearly 60% lower, than on the same day a year ago. […]

Rig count falls for 7th straight week

Baker Hughes today said the number of oil-directed rigs operating in the US is at 595 this week, down 10 from a week ago. This is the seventh straight week that the number of active rigs has declined, and the rig count is the lowest since July 2010. There 595 oil rigs in operation is […]

Rig count off 16 from last week

The US onshore rig count fell by 16 across the past week, according to Baker Hughes’ data released today. Two rigs were added offshore; that means 795 rigs are operating, a far cry from the 1,930 in use one year ago. Oklahoma lost the most rigs by state, with six fewer operating today versus last […]

Hurricane Joaquin could impact East Coast energy operations

Commodity traders and oil and gas operations in the Northeast and along the East Coast are monitoring Hurricane Joaquin as it heads toward the United States. The storm’s current track has it heading toward southern New England and Long Island, but the storm also could impact parts of the Marcellus Shale in Pennsylvania. Forecasters note […]

Ponderosa exec, analyst set speaking engagements

Bernadette Johnson, managing partner and director of research and analytics for Ponderosa Advisors, is speaking this week at events in Denver, CO, and San Antonio, TX. Johnson is the guest speaker for the IPAA/COGA Rockies Energy Action Lunch on April 21 in Denver. She will also speak at the Pipe Tech Americas Summit in San […]