The number of new active drilling rigs in the Eagle Ford Shale last week dropped to 93, according to data from Baker Hughes. That was the third consecutive week that the count was below 100. Meanwhile, all other shale plays, except the Arkoma Woodford and the Cana Woodford in Oklahoma, saw declines in rig counts, data show.
The number of oil and natural gas drilling rigs rose this past week as companies ramped up activity amid stronger prices, Baker Hughes reported. The oil and gas rig count jumped to 1,396, up 23 from the week before, according to data from the oilfield services company.
The number of drilling rigs rose to 1,141 last week, up by four from the previous week as oil companies increased drilling activity amid higher prices, Baker Hughes reported. The number of vertical and horizontal gas-drilling rigs declined compared with the same period last year.
The number of oil and natural gas rigs climbed last week as firms stepped up drilling operations amid hopes that an economic rebound would boost demand, according to data from Baker Hughes. The total rig count stood at 968, increasing by two from a week earlier, the oil field services company said.
Baker Hughes reports that U.S. natural gas drilling has decreased to levels not seen since early 2003 as companies struggle to balance production with weakened demand and lower prices. Natural gas companies slashed drilling by another 30 rigs last week, bringing the total number of active rigs to 760, according to Baker Hughes.