GOM Rigs Exit as U.S. Count Slips Three Units to 488 Share on: LinkedIn
Onshore activity held steady during the week ended Friday (July 30), but a decline in the Gulf of Mexico (GOM) saw the overall U.S. rig count slide three units to 488, according to the latest figures from Baker Hughes Co. (BKR).
Declines in the United States included two oil-directed rigs and one natural gas-directed unit. The combined 488 active rigs as of Friday is nearly double the 251 rigs running in the year-ago period, according to the BKR numbers, which are based partly on data from Enverus.
The GOM saw three rigs exit during the period, lowering its total to 14 versus 12 a year ago. Land rigs remained unchanged at 473, while one rig continued to operate in inland waters. Four directional units and two vertical units exited overall for the week, partially offset by the addition of three horizontal units.
Natural Gas Rig Count Drops to 103 as GOM Activity Slows - Natural Gas Intelligence
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SHALE CONFERENCE FOCUSED ON ESG INITIATIVES ANNOUNCED
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When unconventional drilling technologies burst onto the scene more than a decade ago, they opened up massive new opportunities for energy extraction in the Unites States. Basically, by fracturing (or fracking) hard shale layers, exploration and production (E&P) companies could access massive amounts of oil and natural gas.
First up on this list, AR stock is one of the E&P energy stocks. This company operates almost exclusively in the Marcellus Shale, a huge shale formation that runs from New York to West Virginia along the Appalachian Mountains. On top of this, Antero also has some operations in the Utica Shale, which runs through much of the same area.
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