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Tag Archives: energy prices

Number of US rigs down to 502; Texas down 5

u.s. drilling rig count

HOUSTON (AP) – Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 502. The Houston company said Friday that 400 rigs sought oil and 102 explored for natural gas amid depressed energy prices. A year ago, 1,267 rigs were active. Among major oil- ...

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Exxon and UBS are big market movers

NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq stock market: NYSE Exxon Mobil Corp., down $1.70 to $74.59 The oil and natural gas company’s fourth-quarter profit fell 58 percent due to lower crude prices. UBS Group AG, down $1.29 to $15.23 The bank cited low levels of client ...

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US rig count down 13 this week to 637

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 13 this week to 637. The Houston firm said Friday 510 rigs sought oil and 127 explored for natural gas amid depressed energy prices. A year ago, 1,633 rigs were active. Among major oil- and gas-producing ...

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US rig count down 2 this week to 698

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 698. The Houston firm said Thursday 536 rigs sought oil and 162 explored for natural gas amid depressed energy prices. A year ago, 1,811 rigs were active. Among major oil- and gas-producing ...

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U.S. propane stocks hit record despite strong exports: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Liquefied petroleum gases (LPG) are the fastest-growing category of hydrocarbon exports from the United States, with volumes up almost four-fold since 2012. Exports have grown from less than 200,000 barrels per day in 2012 to an average of 743,000 bpd so far in 2015 and ...

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Entergy to close Massachusetts Pilgrim nuclear plant by 201

Oct 13 (Reuters) – Entergy Corp said Tuesday it will close its Pilgrim nuclear power plant in Massachusetts no later than June 1, 2019, because of poor market conditions, reduced revenues and increased operational costs. “Market conditions and increased costs led us to reluctantly conclude that we had no option other than to shut down the plant,” Leo Denault, Entergy’s ...

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PennEast assures economic boost from proposed pipeline

Nearly 60 people have filed for interventions against PennEast Pipeline Co. LLC since last Thursday, when company announced its application to start construction on a 118-mile natural gas pipeline that would run from Wilkes-Barre, Pennsylvania to Mercer County, New Jersey. Despite opposition, PennEast emphasized the cost-cutting benefits nearby families and businesses could gain from the billion-dollar project. “The PennEast Pipeline ...

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