U.S. Drilling Activity Slips Further As Oil Prices Rise
The number of oil rigs saw a small hike this week as Brent crude rallied past $90 per barrel, but the number of gas-directed rigs dropped
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The number of oil rigs saw a small hike this week as Brent crude rallied past $90 per barrel, but the number of gas-directed rigs dropped
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.
Chesapeake is currently operating nine rigs (five in the Haynesville and four in the Marcellus) and four frac crews (two in each basin). Given current market dynamics, the company plans to defer placing wells on production while reducing rig and completion activity.
Chesapeake is currently operating nine rigs (five in the Haynesville and four in the Marcellus) and four frac crews (two in each basin). Given current market dynamics, the company plans to defer placing wells on production while reducing rig and completion activity.