Drilling Operations News

BHI: Texas anchors 90-unit plunge in US rig count

Jan 30, 2015

The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.

Chevron, BP, ConocoPhillips join to explore, appraise Gulf of Mexico leases

Jan 28, 2015 Chevron Corp. subsidiary Chevron USA Inc., BP PLC unit BP Exploration & Production Inc., and ConocoPhillips Co. have pledged to work together to explore and appraise 24 jointly-held offshore le...

Carrizo cuts drilling, completion spending by 35%

Jan 27, 2015 Carrizo Oil & Gas Inc., Houston, is cutting its drilling and completion capital expenditure plan for the year by 35% to $450-470 million, but expects to keep oil production roughly flat with la...

EIA: Stable oil production outlook in Lower 48 despite near-term rig-count reduction

Jan 26, 2015 According to data from Baker Hughes Inc., between the weeks ended Oct. 31, 2014, and Jan. 23, 2015, the number of active onshore drilling rigs in the Lower 48 dropped 16%, reflecting the sharp decl...

BHI: US rig count falls for 8th straight week, down 43 units

Jan 23, 2015

The US drilling rig count fell 43 units to settle at 1,633 rigs working during the week ended Jan. 23, Baker Hughes Inc. reported.

BHP to reduce US onshore rigs by 40% by July

Jan 21, 2015

Australia’s BHP Billiton will reduce its US onshore rig presence from 26 to 16 by July in response to lower oil prices.

EIA: Continued global oil stock build to keep pressure on oil prices

Jan 19, 2015 In its most recent monthly Short-Term Energy Outlook (STEO), the US Energy Information Administration reported it expects global oil inventories to continue to build in 2015, keeping downward press...

BHI: US rig count plunges 74 units, hits lowest total since October 2010

Jan 16, 2015 The US drilling rig count plunged 74 units—all on land—to settle at 1,676 rigs working during the week ended Jan. 16, Baker Hughes Inc. reported. That’s the lowest total since the Oct. 29, 2010, ri...

BHI: US rig count plunges 61 units in last week

Jan 9, 2015

The US drilling rig count plunged 61 units—almost entirely land-based oil rigs—to settle at 1,750 rigs working during the week ended Jan. 9, Baker Hughes Inc. reported.

Barclays sees likely downside to North American E&P budgets

Jan 9, 2015 Global exploration and production spending is expected to decline at least 8.8% in 2015 vs. 2014, according to 225 companies surveyed in the Barclays E&P Spending Outlook. North American budget...

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