Rig Counts News Today

owners. our own peter doocy calling up the white house how they have been a is responding tonight at fox news also asking the white house but a leaked voice mail allegedly of president biden and left for his son hunter concerning his business dealings. wait till you see the response. we begin with the mass shooting at an independence day parade outside chicago. correspondent matt finn tracking the very latest developers for us tonight. good evening. >> hi, shannon. tuesday evening, the...

Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.

Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.

The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.

New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.

Baker Hughes said U.S. oil rigs rose two to 500 this week, their highest since Dec. 15, while gas rigs were unchanged at 120.

A land grab for top-quality drilling locations fueled record Permian Basin M&A activity in 2023. To preserve inventory, E&Ps are radically slashing drilling activity on their new assets, East Daley Analytics reports.

As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.

Oil prices keep rising, but U.S. rig counts keep dropping. Its a new comfort zone for Americas oil and gas business.