US rig count rises this week by 8, to 941

US rig count rises this week by 8, to 941”

In the past 32 weeks, the total USA rig count has gone down only once.

Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc said in a report on Friday. Reeves' count jumped five to 66.

Railroad Commission District 8 moved three higher to 254. Two rigs shut down in Alaska, and one came offline in both New Mexico and Utah. At this point a year ago, by contrast, there were 36 and 39 oil and gas-targeting rigs, respectively.

Texas' statewide count held steady at 460 this week.

There was no change in the number of rigs in Texas for the second successive week while there was an increase in the number of rigs in Oklahoma to 132 from 127 previously. Its two rigs not in the Permian Basin were located in San Juan County in the northwestern part of the state.

The number of rigs hunting for oil and gas across the nation rose to 941 this week, up from a record low of 404 in May 2016.

The U.S. rig count peaked at 4,530 in 1981. An additional rig in inland waters pushed that tally to four. Offshore rigs are unchanged at 22.

Basins with the highest rig counts were the Permian, the Eagle Ford, the Cana Woodford (60), the Williston (52) and the Marcellus (45). This week, Canada saw another large growth spurt, adding 11 rigs. Seven new rigs were searching for oil, and four explored for natural gas. Currently, there are 98 oil-targeting rigs and 72 gas-targeting rigs in Canada. Canada had 76 rigs a year ago. The 792 active horizontal rigs represent 84% of the total number of rigs in the U.S. At this time a year ago, there were 497 rigs in North America.

Like this


24 June 2017
One Year Later, Victims of Pulse Nightclub Shooting Remembered
City and county officials in Orlando requested that the day be honored in that way. People are opening up about the day that changed their lives forever.

24 June 2017
Spanish prosecutors accuse Mourinho of 3.3 mln eur tax fraud
Under Spanish law, a first-time offender is not required to serve time in jail for a sentence below two years. A court in Madrid is understood to be dealing with the claim.

24 June 2017
Lonzo Ball recruits LeBron James to Lakers
The Lakers are expected to draft Ball No. 2 tonight, and rumors are heating up about LeBron leaving the Cavaliers in 2018. The soon-to-be rookie made a free-agent recruiting pitch to James on Wednesday during an appearance on ESPN's "The Six".

24 June 2017
Showers, scattered storms expected Friday; Tropical moisture Saturday
A tropical storm warning was in effect along the coast from San Luis Pass, Texas, to Grand Isle, Louisiana. Tropical Storm Cindy has made landfall in Louisiana with maximum sustained winds near 40 miles per hour .

24 June 2017
Democrats Try To Push Nancy Pelosi Out To Win Back House Majority
Seth Moulton , D-Mass., who also attended the meeting, said, "in every corner of our caucus, we're concerned". Rahm Emanuel - but he left the House to become Obama's chief of staff and later to run for mayor of Chicago.

24 June 2017
Home Capital had interest from over 70 parties in investment
Of the CAD400 million equity investment, about CAD247 million will be subject to shareholder approval, Home Capital noted. The settlement is expected to help secure long-term financing at sustainable interest rates, investors and analysts said.

24 June 2017
UAE: Arab states don't seek 'regime change' in Qatar
Unfortunately for Qatar's state-backed media network Al Jazeera , it's now the focus of a diplomatic crisis in the Middle East . Al Jazeera first garnered attention in the USA after it aired videos of Osama bin Laden justifying the 9-11 attacks.

24 June 2017
Toshiba Will Pay To Finish Nuclear Reactors In Southern United States
In the interim, then, the agreement has been extended until June 22 so that they can continue to incorporate the new agreement. Again, the first Toshiba Corporation payment is due in October; so there is still time to make new headway.

24 June 2017
South Africa reports outbreak of H5N8 bird flu in Mpumalanga: OIE
H5N8 is not unsafe to humans, and the birds affected comprise a very small percentage of the total South African chicken flock. The disease is spread primarily through water migratory birds that carry the disease in a highly pathogenic form.

24 June 2017
Talks to support Conservatives making progress, DUP says
One source told the Press Association: "They thought they had us in the bag and they wouldn't have to pay a price for it". It remains unclear exactly what the impasse around the DUP-Tory negotiations is - or even what the central demands are.