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Tag Archives: rig count

Chevron Discovers Oil Reserves in the Deepwater Gulf of Mexico

Chevron Corporation announced a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind Faith platform, in water depth of 6,536 feet. The initial Ballymore well reached total measured depth of 29,194 feet and encountered more ...

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January 12: Rig count and oil price both climb

oil rig, rig count, Baker Hughes

Baker Hughes, a GE Company, reported the North America Rotary Rig Count for January 12, 2018 increased by 15 this week. The rig count included an increase of 2 offshore rigs and 13 inland rigs exploring for oil and gas. Of those 15, 10 are exploring for oil, while 5 rigs are searching for natural gas. Breakout information by Baker ...

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Rig count up 8, all natural gas

oil rig, rig count, Baker Hughes

The Baker Hughes Rotary Rig Count from last Friday showed an overall increase of 8 rigs drilling, but no new rigs are exploring for oil. All eight rigs are looking for natural gas, in contrast to last week’s report that showed nine new rigs were exploring for oil. Baker Hughes reported a new total of 915, up from 907 total the ...

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Rig count drops by 5

oil rig, rig count, Baker Hughes

The Baker Hughes North America Rotary Rig Count dropped by 5 last week, with the largest overall dips in Texas. The Permian Basin lost 2 of its rigs, while the Eagle Ford lost 3. In total, Texas lost 7 rigs, while Louisiana lost 1. Interestingly, all the rigs lost were exploring for gas. The oil rig count actually increased by 3. ...

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Rig count increase raises concerns

oil rig, rig count, Baker Hughes

The Baker Hughes weekly rotary rig count showed an increase of 12 total rigs July 7 for a total of 952 rigs drilling for oil and gas in the United States. Of the 952, 763 rigs are drilling for oil, up 7 from last week, while 189 are drilling for gas, an increase of 5. By state, Alaska and Oklahoma ...

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Bakken leads rig count increase

Baker Hughes rig count, Williston, Bakken

The Baker Hughes weekly rig count total showed a small increase of six total rigs exploring for oil and gas Friday, led by an increase of three rigs in the Williston basin. Surprising areas of increase this week led to a net increase while many areas that have seen recent activity showed either losses or no increase at all. While ...

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Baker Hughes: Rig Count up another 11

oil rig, rig count, Baker Hughes

Breaking another record, the Baker Hughes Rotary Rig Count showed an other increase of 11 new rigs exploring for oil and gas this week. Despite some concern about overproduction, the rig count continues its upward climb, with a total of 927 rigs in the U.S. The total North American count is now 1059. Canada also increased its count by 33. ...

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Rig count: Colorado up 5, Texas down 1

oil rig, rig count, Baker Hughes

In a small surprise, this week’s Baker Hughes rotary rig count showed a nice gain of rigs exploring for oil and gas in Colorado. Typically, Texas has topped recent weekly increases, but this week the Lone Star State saw its first loss in several weeks. By state, Alaska, New Mexico, North Dakota and Oklahoma also gained one rig each.  Texas was ...

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U.S. rig count breaks 900

oil rig, rig count, Baker Hughes

With almost 500 more rigs than last year at this time, the Baker Hughes U.S. rotary rig count broke 900 Friday with another sizable jump of 16 new rigs exploring for oil and gas. The U.S. rig count now sits at 901. Of those rigs, 720 are exploring for oil, up 8 from last week, and 180 are exploring for ...

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