Drilling activity resumed its decline this week, driven by oil-directed drilling. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count fell two rigs to 542, falling for the 12th ...

With second-quarter earnings reports coming in, East Daley Analytics has begun reading the tea leaves and already gleaned ...

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that ...

The number of active oil rigs across the United States has dipped to 537, down two from last week and 48 fewer than this time last year, when the count stood at 585. Texas currently reports 255 active ...

Increasing oil prices are leading to more drilling activity in several major plays in the US, including the prolific Permian basin of west Texas and south-eastern New Mexico. According to a weekly ...

Drilling activity slipped for the first time in three weeks. Meanwhile Permian Basin drilling activity fell to a three-year low. Oilfield services firm Baker Hughes said Friday its U.S. rig count ...

The total number of active drilling rigs in the United States increased this week, driven by a rise in gas rigs, even as oil ...

Drilling activity snapped a 12-week losing streak, powered higher by a surge in natural gas activity. Oilfield services firm ...

In total, the rig count in the Permian is up by 128% since the bottom in late April / early May 2016. Virtually all of the rigs added have been horizontal. * Eagle Ford added 3 weeks during the week.

Holding the Permian Basin’s crude oil production at the current level of 6.4 million barrels per day requires companies to pare the number of active drilling rigs by about 10%.

The number of total oil and gas drilling rigs in the US fell by 2 to 542, resuming their decline after last week's gain followed 11 consecutive weekly declines, Baker Hughes reported.

Pumping a record 6.3 million barrels of oil per day and poised to reach 6.6 mb/d next year, the Permian Basin is driven by good prices, technological advances and fact-based optimism that the ...