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Bakken beefs up rig count, Oklahoma up 5

rig count, Baker Hughes

For the second week in a row, the Baker Hughes North American rotary rig count increase was led by areas outside of Texas. North Dakota’s Bakken oilfields saw an increase of three new rigs this week, while Oklahoma added five new rigs exploring for oil and gas, presumably in the Granite Wash and Cana Woodford basins. The Eagle Ford in ...

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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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Rig count increases for 17th week in a row

oil rig, rig count, Baker Hughes

According to the May 12 Baker Hughes rig count, drillers added 8 rigs for a total of 885 total rigs exploring for oil and gas. It’s the 17th straight week of increases. The count is up 479 from last year at this time. Oil rigs increased by nine, while the total rigs exploring for gas dropped by one. It’s no surprise ...

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Methane rule pits ND leaders against one another

Heidi Heitkamp, methane rule

The U.S. Senate rejected a resolution to revoke the Obama-era rule to limit methane emissions from oil and gas production on federal lands, reports Reuters. The inability to revoke the law is seen as a direct blow to the Trump and his ability to “free the drilling industry from what he sees as excessive environmental regulation.” On the campaign trail ...

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Texas rig count ramp up continues

oil rig, rig count, Baker Hughes

This week’s Baker Hughes North America Rotary Rig Count showed another week of increases in Texas, with an addition of 11 new rigs exploring for oil and gas. The U.S. total rigs is now 870, up 13 from last week. Nine of those rigs are exploring for oil, while 4 are searching for gas. The Gulf of Mexico lost 3 ...

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Is it the beginning of the end for the Bakken?

bakken, bakken production

On March 1, 2017, petroleum geologist Art Berman wrote, “It’s the beginning of the end for the Bakken Shale play.” Berman gives several reasons why the Bakken oil fields will never return to its former glory. Here are the highlights: A decline in production that began January 2015. Berman says its “probably not reversible. New well performance has deteriorated. Gas-oil ...

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API and COGA join in Colorado oil and gas moratorium lawsuit

oil and gas moratorium, Boulder County

Colorado Attorney General Cynthia Coffman is being joined by the Colorado Oil and Gas Association (COGA) and the American Petroleum Institute (API) in a lawsuit that hopes to put an end to the moratorium on oil and gas development in Boulder County, Colorado. John Flynn from the Times-Call reported that Boulder District Judge Norma Sierra granted the two industry trade ...

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