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Pittsburgh Business Times – Cabot Oil and Gas Corp. CEO Dan O. Dinges on Friday questioned why other drillers are continuing to...
Chris Casteel The Oklahoman – As Democratic presidential candidates court Oklahomans for votes, some are calling for measures that would sharply curtail...
(Reuters) U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by seven to 622 in the week to March 8, the lowest since Feb. 16. putting the total rig count down 124 rigs, or 16.6%, below this time last year.
Baker Hughes said U.S. oil rigs fell two to 504 this week, their lowest since Feb. 23, while gas rigs fell four to 115, their biggest drop since November.
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Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
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