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Posts tagged as:

Rig Count

U.S. Rig Counts on the Rise

by Elizabeth Alford on July 6, 2015

The U.S. rig count increased last week for the first time since December 2014. This is welcome news after months of instability as producers pulled back rigs to wait out the current pricing environment. Related: Bakken Rig Count Increases Related: Eagle Ford Rigs Increase to 120 According to Baker Hughes, who publishes weekly rig statistics, […]

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Texas Dominates the U.S. Rig Count

by Kenneth E. DuBose on September 27, 2011

The Texas rig count leads the next largest state in the U.S. by more than 700 rigs. That’s a lead of 700 in a market that is less than 2,000 rigs. The state employs almost 400 more rigs than the entire country of Canada. That’s why “oil & gas” and “Texas” are synonymous. You simply […]

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Natural Gas Update – EIA

by Kenneth E. DuBose on September 9, 2011

Shut-ins from Tropical Storm Lee should have helped natural gas prices, but we still had a price decline over the past week. Prices have floated below $4 per mcf for several weeks now. Natural gas storage levels are below the five year average, but we should continue to gain ground over the coming weeks. There […]

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Oil Drilling Outpaces Natural Gas Drilling in the U.S.

by Kenneth E. DuBose on August 18, 2011

The oil rig count has surpassed the natural gas rig count in all polls and don’t expect that to change without higher natural gas prices. We’re experiencing a renaissance in oil drilling that might create hundreds of thousands of jobs and grow U.S. oil production by millions of barrels per day over the next decade. This is the […]

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North Dakota Bakken Shale Oil Rig Count Setting Records

by Kenneth E. DuBose on July 22, 2011

The North Dakota rig count is bouncing back as water levels recede. An all time record 184 rigs are active in North Dakota. Recent floods had limited operations, but things seem to be headed up again. The Bakken Shale that produces from Montana and North Dakota now accounts for more than 7% of US crude […]

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Oil Rig Count Surpasses 1,000

by Kenneth E. DuBose on June 24, 2011

The oil rig count surpassed 1,000 active rigs for the first time since the boom of the 1980s in June of 2011.  The big difference between now and the early 1980s is that companies are now targeting shale plays and unconventional rocks that require horizontal drilling and multi-stage hydraulic fracturing (fracking) to produce commercial quantities […]

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Haynesville Shale Rig Count Climbs

by Kenneth E. DuBose on July 28, 2009

The Haynesville Shale rig count continues to climb as companies explore new areas of production. [Read More]

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