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US rig count declines by 7 this week to 737

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by seven to 737. Houston’s Baker Hughes said Friday that 545 rigs were seeking oil and 192 explored for natural gas. A year ago, with oil prices almost double the prices now, 1,920 rigs were ...

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US rig count declines by 14 this week to 795

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by 14 to 795. It was the sixth consecutive week of declines. Houston’s Baker Hughes said Friday that 605 rigs were seeking oil and 189 explored for natural gas. One was listed as miscellaneous. A ...

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US rig count declines by 4 this week to 838

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by four to 838. Houston-based Baker Hughes said Friday that 640 rigs were seeking oil, 197 explored for natural gas and one was listed as miscellaneous. A year ago, with oil prices about double the ...

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Low oil price hits $200 billion in mega-projects

LONDON (Reuters) – Deepwater oil projects and complex gas facilities worth around $200 billion have been canceled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday. Further project cuts and delays are likely as the industry braces for an extended period of ...

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US oil and natural gas rig count drops by 22 to 932

A fracking rig sits in an farmers field in Colorado

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 22 this week to 932 amid depressed oil prices. Houston-based Baker Hughes said Friday 703 rigs were seeking oil and 225 explored for natural gas. Four were listed as miscellaneous. A year ago, 1,861 rigs were active. Among ...

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US oil and natural gas rig count drops by 40 to 988

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 40 this week to 988 amid depressed oil prices. It was the first time the weekly count was below 1,000 since September 2009. Houston-based Baker Hughes said Friday 760 rigs were seeking oil and 225 explored ...

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