Sentences with phrase «active oil rigs»

The magnitude of the change in drilling can be seen in the decline in the number of active oil rigs that are now less than half the number they were before the price decline.

With an 85 % drop in active oil rigs in the Bakken oil fields, there is no need for this pipeline.

Active oil rigs fell by five to 744.

The count of active oil rigs in the US for the fourth straight week last week and is more than 80 % higher than the low reached in May 2016.

There are 112 fewer active oil rigs compared to a year ago.

The count of active oil rigs fell with prices, but has risen over the past few months, mostly in the Permian.

Active oil rig counts continue to fall, and are at their lowest level since August» 99.

Not exact matches

Oklahoma has been a huge oil - producing state, and while drilling - heavy states have tended to do well in previous editions of our rankings, the collapse in oil prices and in active drilling rigs is starting to hurt.

Canada's rig count additions appears to be leveling off, and despite its large swings in the number of active rigs on a weekly basis, has roughly the same number of oil rigs in operation that it had back at the end of July.

Total active rig counts bottomed at 404 during the height of the oil - price collapse in 2016.

What's more, the number of active North American oil rigs fell by two in the week ended June 30, from 758 to 756 rigs, the first such contraction since January, according to the Baker Hughes Rig Count.

From 1,920 active rigs, only 894 were active in the week ending today, and that's getting awfully close to the 2009 low of 876 when oil had a more drastic plunge into the $ 30's.

And in the week ended February 9, the number of active North American oil rigs rose sharply from 765 to 791, the most in nearly three years.

And while a federal court in Brazil has since ruled that both companies can continue operating the offshore rigs that are already active, they are still not allowed to start any new operations until a full investigation has concluded on what caused the two oil spills.

Drilling for gas and oil is one of North Dakota's leading industries with 199 active drilling rigs throughout the state.