Sentences with phrase «drilling rig count»

The markets reacted apathetically to Baker Hughes US Crude Oil Drilling Rig Count., UP 5 to 820 Rigs, Most Since March 2015 suggesting that the primary focus is falling on Iran sanctions while declining production is overshadowing the Rig count in Venezuela and Angola.

After going through the ritualistic Monday morning downside test on the back of rising oil drilling rig counts, WTI rallied around $ 2 towards $ 69.35 in NY, as traders remain singularly focused on the Iran nuclear deal.

And US shale production and drilling rig counts seem to moderate upward increases in oil prices.

Not exact matches

U.S. drillers added five oil rigs in the week to April 27, bringing the total count to 825, the highest since March 2015, General Electric's Baker Hughes energy services firm said.

U.S. drillers added five oil rigs looking for new production in the week to April 27, according to energy services firm Baker Hughes, bringing the total count to a March 2015 high of 825.

U.S. drillers added five oil rigs drilling for new production in the week ending April 20, bringing the total count to 820, the highest since March, 2015, according to General Electric's Baker Hughes energy services firm.

Market jitters started immediately last week when Baker Hughes» count of drilling rigs, a leading indicator of U.S. output, ticked up for the first time in nearly two months.

However, this had more to do with supply than demand and was mostly a U.S. phenomenon, driven by the recent stabilization in the U.S. rig count as well the fact that production has remained resilient, despite the pullback in drilling activity.

Further, the state sees its production decline accelerating though May and into the summer, given the drilling plans of Bakken producers like SM Energy, which planned to reduce its rig count in the play starting in May.

While the rebound in the U.S. rig count that drove outperformance in the previous year continued, many of these newly drilled wells were capped rather than moved into the production phase.

Lower oil prices have lead to decreased rig counts and less need for drilling materials.

Total frack sand demand in the 90 million to 100 million ton range assuming a flat rig count, a 15 % -20 % increase in sand per well, and completion of several DUC (drilled, uncompleted) wells.