Sentences with phrase «priced oil rig»

When you pay for a high - priced oil rig it gets put to use.

Not exact matches

Here's hoping that when the tech bubble inevitably bursts, the site will make another one comparing real - estate prices to the crummiest places on the planet, like perhaps this decrepit oil rig in the middle of the sea.

Faced with falling oil prices, companies are turning to technology startups to make their rigs more efficient

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

SINGAPORE, April 23 (Reuters)- Oil prices dipped early on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

Oil prices gave up earlier gains as rising U.S. output loomed over markets, despite a slowdown in rig drilling activity.

The tally of oil rigs rose in recent weeks, with oil prices near $ 50 per barrel and demand for drilling equipment on the rise.

Seadrill was forced to seek bankruptcy court protection from creditors after a sharp drop in oil prices in 2014 cut oil firms» appetite for exploration, pushing rates for rigs down and leaving many idle.

After the rig - count data release, crude oil prices remained weak alongside stocks and bonds.

Oil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since NovembOil companies have since returned to the market, hiring rigs to explore for offshore oil and gas deposits after crude prices have traded above $ 60 a barrel since Novemboil and gas deposits after crude prices have traded above $ 60 a barrel since November.

SINGAPORE, April 23 (Reuters)- Oil prices dipped on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

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.

But with oil prices flirting with $ 50 per barrel, the rig count recently rebounded by one.

But now Papa said the the best days are behind some of those fields after a period of low oil prices prompted drillers to train their rigs on their best acreage and deplete the most cost - efficient production.

Now, however, with prices less than half of what they were in July, many U.S. oil companies have been forced to shut down rigs, effectively slowing down output.

There were nearly 1,500 rigs up and running in Q4 of 2015 when oil prices began falling precipitously.

The signs are clear — US drillers are no longer adding rigs at breakneck paces, despite the rise in oil prices.

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

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

Crude oil prices are taking a step back on Monday as an increase in rig counts and a drop - in supply in Cushing, Okla., and a perceived drop in Geo - political risk premium are causing traders to take a step back.

The dollar's weakness, however, failed to help global oil prices, which continued to fall in Monday trading following last Friday's data from Baker Hughes (BHI) showed U.S. oil and natural gas producers added 21 rigs over the past week,

The opportunity arose, I argued, because it seemed to me that the oil environment was finally, in fact, ready to improve — oil stockpiles were finally dropping below 5 - year averages and declining steadily, and rig counts were due to decline as well, after so many months of sub-profitable oil prices.

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

While crude oil prices might never get back to their past highs, an upward turn could transform Transocean (NYSE: RIG), Dawson Geophysical (NASDAQ: DWSN), and Encana (NYSE: ECA) into profit - friendly investments to buy on sale.

Within the energy sector, the gains were split evenly among equipment and consumable fuels as rising oil prices saw investment in rigs and additional exploration.

Crude oil prices are pulling back after a rise in the rig count even though it's making up for lost time after the big freeze down south.

Oil prices had a small rally in the afternoon after data showed further cuts to the number of rigs working U.S. oil fielOil prices had a small rally in the afternoon after data showed further cuts to the number of rigs working U.S. oil fieloil fields.

The agency said that with the number of rigs running in the US plunging by 60 per cent in response to lower oil prices, US shale oil production had «buckled» in April, «bringing a multiyear winning streak to an apparent close».

I don't think his hair looks plasticky, though I do think that the U.S. would see a 57 cent drop in the price of gas if someone put an oil rig on top of that.

«The fact that the oil price is low and the oil rigs aren't busy is very helpful for us.»

Report: 4 of 4 Previous reports: Sept.» 08, Jan.» 09, Apr.»09 Base price: $ 31,450 Price as tested: $ 36,020 Four - wheel - drive system: Two - speed, part - time electronic shift on the fly Long - Term Numbers Miles to date: 23,315 Miles since last report: 7,288 Average mpg (this report): 13.33 Test best tank (mpg): 17.18 Test worst tank (mpg): 8.25 (towing) Maintenance Oil change: $ 62.15 Mid-service: $ 132.50 Problem areas: Warped front rotors, some squeaks and creaks What's Hot, What's Not Hot: Awesome power, exhaust note, features, storage, fine tow rig Not: Interior quality not as good as competition, aggressive traction control, some squeaks and rattles Logbook Quotes * «King Cab is a great size for a personal - use truck, but if you want to put real people back there, get the Crew.&rprice: $ 31,450 Price as tested: $ 36,020 Four - wheel - drive system: Two - speed, part - time electronic shift on the fly Long - Term Numbers Miles to date: 23,315 Miles since last report: 7,288 Average mpg (this report): 13.33 Test best tank (mpg): 17.18 Test worst tank (mpg): 8.25 (towing) Maintenance Oil change: $ 62.15 Mid-service: $ 132.50 Problem areas: Warped front rotors, some squeaks and creaks What's Hot, What's Not Hot: Awesome power, exhaust note, features, storage, fine tow rig Not: Interior quality not as good as competition, aggressive traction control, some squeaks and rattles Logbook Quotes * «King Cab is a great size for a personal - use truck, but if you want to put real people back there, get the Crew.&rPrice as tested: $ 36,020 Four - wheel - drive system: Two - speed, part - time electronic shift on the fly Long - Term Numbers Miles to date: 23,315 Miles since last report: 7,288 Average mpg (this report): 13.33 Test best tank (mpg): 17.18 Test worst tank (mpg): 8.25 (towing) Maintenance Oil change: $ 62.15 Mid-service: $ 132.50 Problem areas: Warped front rotors, some squeaks and creaks What's Hot, What's Not Hot: Awesome power, exhaust note, features, storage, fine tow rig Not: Interior quality not as good as competition, aggressive traction control, some squeaks and rattles Logbook Quotes * «King Cab is a great size for a personal - use truck, but if you want to put real people back there, get the Crew.»

My bet here is that there is some recovery in oil prices or that at the very least there is some recovery in day rates for rigs in the North Sea.

During 2008 the company benefited from high spot prices for oil and natural gas as well as a contraction in rig count within the GOM.

Oil producers in those regions are already cutting rig counts — worried that if crude prices dip too low, wells won't turn a profit.

The oil companies are willing to oblige by raising the price of oil tremendous amounts to help to squeeze more production out of their oil rigs and alternate sites.

When the price of gas plummeted in 2008 to below production recovery prices, most drilling rigs switched away from drilling for gas to drilling for oil.

Low gas prices are shifting economic resources (rigs) from gas to oil.

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.

The energy game is rigged in favor of fossil fuels because we omit the environmental and health costs of burning coal, oil, and natural gas from their prices.

The most ardent drilling opponents, who contend that exploration of the outer continental shelf puts oceans at risk without producing short - term relief from gasoline prices, said there is still time for the next president and future Congresses to work out a new compromise before oil rigs are erected within sight of the nation's coasts.

This white paper, authored by Dr. Brian Piper, details volatility in price, rigs, production jobs and median earnings in the oil and gas field between 2000 and 2016, and the methods that should be used to calculate base wages and wage growth.

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