Oil Rig Count Unchanged, Gas Rigs +2; Oklahoma loses 3
Both the total number of land drilling rigs and...
Both the total number of land drilling rigsand those operating in the inland waters of the US climbed +1 (each) this week, according to data compiled by energy services firm Baker Hughes.
Oil and gas rigs in the US expanded by two this week through Friday,with oil staying at 591 and the count for gas increasing to 161 from 159 the week prior. A year earlier, the US had 552 oil rigs and 144 gas rigs in operation, its data showed. Miscellaneous rigs were unchanged at three, compared with two a year ago. The Inland Waters gained 1 new rig, compared with zero running a year ago.
Overall, there were 755 rigs operating in the US last week (including Misc. and Offshore) compared with 698 rigs last year. Among US states, top producer Texas was unchanged at 377 while Oklahoma lost three and Louisiana gained three.
The Marcellus Shale will continue to play a predominant role as demand for natural gas and natural gas...
The Marcellus Shale will continue to play a predominant role as demand for natural gas and natural gas liquids remains strong in the US and abroad, outgoing Range Resources CEO Jeff Ventura says. Range COO Dennis Degner, who will replace Ventura, says the company is demonstrating resilience and is "still delivering on stated objectives and generating free cash flow."
Marathon to pay $27.5M penalty for Tesoro plant pollution
The Justice Department ordered Marathon Petroleum to pay $27.5 million after its Tesoro Refining and...
The Justice Department ordered Marathon Petroleum to pay $27.5 million after its Tesoro Refining and Marketing plant in Martinez, Calif., failed to lower levels of nitrous oxide emissions. Tesoro will also have to forego hundreds of annual tradable emission credits in California.
Benchmark U.S. crude oil for June delivery rose $2.02 to $76.78 a barrel Friday....
Benchmark U.S. crude oil for June delivery rose $2.02 to $76.78 a barrel Friday. Brent crudefor June delivery rose $1.17 to $79.54 a barrel.
Wholesale gasoline for May delivery rose 5 cents $2.58 a gallon. May heating oil rose 3 cents $2.38 a gallon. June natural gasrose 5 cents to $2.41 per 1,000 cubic feet.
