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Tag Archives: rig count

Haynesville Adds More Rigs

According to oil services company, Baker Hughes, recent North America rotary rig count, Haynesville has been busy. Three rigs were added this week for a total of 29 up from 26 just last week. Despite the recent increase, the count is down from 43 rigs last year, weighing in at a -14 percent decrease. Other rig numbers are on the ...

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Pioneer says increasing drilling activity as planned

oil rig

U.S. shale exploration and production company Pioneer Natural Resources Co said on Wednesday it is increasing drilling activity in Texas following the sale of its stake in an Eagle Ford shale pipeline and processing business. The Dallas company’s optimism stands out in a market unnerved by a 15 percent drop in crude prices since late June. Pioneer Chief Executive Scott ...

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Oil under $60 beyond 2016 suggests market rethinking shale

NEW YORK – The almost 10 percent nosedive in headline oil prices this week has many hallmarks of a shocking but short-lived slump, triggered by a confluence of external events and exacerbated by safety-seeking investors and momentum-chasing traders. By Tuesday afternoon, the crowded race to the exit was winding down, with prices recovering from three-month lows as traders reassessed the ...

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Oil falls more than 3 percent after Greek ‘No’

LONDON – Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. The result of Greece’s referendum put in doubt its membership in the euro, pulling down the single currency <EUR=> against the ...

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Oil falls as market awaits Iran, Greece talks

LONDON – Oil prices fell on Friday as investors awaited the outcome of Iranian nuclear talks which could lead to a big increase in Iranian crude exports at a time when the market is already over-supplied. Dealers also kept an eye on negotiations to try to avert a Greek debt default and avoid Greece’s exit from the euro. A Greek ...

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