Sentences with phrase «rig count»

The North American rig count is released weekly at noon central time on the last day of the work week.

The gas - rig count increased by four to 92.

The international rig count is released on the fifth working day of each month.

The reduction in rig count in the US will support upward pressure on price, but for now, OPEC is standing firm on its decision to maintain production levels.

The US oil rig count fell by the most in two months this week, by 21 to 524, according to oilfield services giant Baker Hughes.

U.S. crude oil futures settled slightly higher at $ 51.67 a barrel after the weekly oil rig count rose by 6 rigs to 750.

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.

* Coming up: Baker Hughes rig count data at 1 p.m. EDT (Updates market activity, prices, adds commentary; changes byline, dateline, previous LONDON)

Last week, the oil rig count fell for the first time in four months, by two to 441.

Thankfully, the global active rig count seems to be nearing its nadir after falling for 22 straight weeks.

The total oil and gas rig count in the United States now stands at 935 rigs, up 424 rigs from the year prior, with the number of oil rigs in the United States decreasing by 5 this week and the number of natural gas rigs increasing by 4.

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

With miscellaneous rigs unchanged at two, the total rig count rose by 11 to 508.

The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

The US drilling rig count gained 13 units to reach 1,045 during the week ended May 4, data from Baker Hughes indicate.

The Baker Hughes oil rig count for the United States increased on Friday for the 10th consecutive week to 809 operating rigs, resulting in a 20 - rig increase from the week before and a 345 - rig addition in the past 12 months.

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.

Market analysts were awaiting U.S. rig count data from General Electric Co's Baker Hughes energy services firm, due to be released later on Friday.

Most observers expected a sharp reduction in U.S. tight oil production after rig counts fell with lower prices.

The U.S. rotary count is recovering, averaging 450 rigs in July, while the international rig count gained 4 units, to average 997 in June.

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

Significant decreases were seen in Pecos, Winkler, Midland, Webb, Atascosa and Starr Counties, which each saw rig counts decrease by three or four.

Prices failed to take out $ 50 a barrel after U.S. rig counts resumed their downward trend.

May of 2016 saw the Baker Hughes rig count bottom at 318.

The total oil and gas rig count now stands at 935 rigs, up 424 rigs from the year prior.

«Production of both crude oil and natural gas liquids last month remained at the highest levels in decades even as rig counts reached a five - year low,» John Felmy, chief economist at the API in Washington, said in an e-mailed statement.

Last week, Baker Hughes, Inc. reported that the U.S. oil rig count grew by 11 last week, landing at 758 rigs — a three year high.

The U.S. oil - rig count dropped by 16 to 578 in the latest week, the ninth consecutive week of declines, according to Baker Hughes Inc..

«You're starting to see rig counts go down in the U.S.; you're seeing capital expenditure budgets slashed in the oilsands and the shale oil fields in the U.S..

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.

All eyes are on OPEC as well as the Baker Hughes rig count today, and while OPEC has concluded its meeting, it has left the market wanting.

«Eagle Ford production has been on an upward trend since it bottomed out in late 2016, although rig counts have been declining since reaching 86 on May 26,» Dallas Fed said, noting that the Eagle Ford output dropped in late August and early September due to curtailments amid Hurricane Harvey.

That said, if there was a silver lining, it was that the year - over-year sales decline after stripping out the positive impact from acquisitions was 45 %, which actually outperformed the 60 % decline in the U.S. rig count over the past year.

As the U.S. rig count began to rebound from record lows in February, Now, Inc's stock rose sharply.

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

The decline in activity has already started to show up in new well licensing activity as well as the oil - directed rig count; a positive sign as it relates to re-balancing the supply / demand disparity.

Rig count growth is moderating and may actually decline in the latter half of this year, especially if E&P's continue to suffer from frac hits in infill wells.

The U.S. offshore rig count was 33 in the latest week, down two from last week and down 20 from a year ago.

... For example, if we see a 30 % to 35 % reduction in average rig count, we estimate that raw frac sand demand could decline by as much as 15 % to 20 % from 2014 levels.

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.

U.S. producers have made it clear that they'll significantly ramp up production and rig counts if oil rises above $ 60 for an extended period of time.

We do this to avoid the Tuesday, 4:30 pm EST rig count report or API that has generated a lot of extra slippage lately.

The additional rig counts will allow Chesapeake to increase production at a more rapid rate at Eagle Ford.

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.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity.

A January article in Forbes titled «Trump's American Energy Dominance Agenda Becoming Reality» unintentionally highlighted this paradox, opening with a note that the outlook for American oil is strong, precisely because «the U.S. rig count remains remarkably stable.»