Dom DiFurio, Dallas Morning News – Pioneer Natural Resources laid off 230 employees Tuesday as the Irving-based driller works to cut $100...
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Michel Thomas Halbouty (21 June 1909 in Beaumont, Texas – 6 November 2004 in Houston, Texas) was an American geologist, petroleum engineer, and wildcatter. Credited with discovering more than...
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The number of drilled but uncompleted wells in the United States continues to climb Source: U.S. Energy Information Administration, Drilling Productivity Report The number...
U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22, putting the total rig count down 134, or 18%, below this time last year.
The number of oil rigs fell by one to 509 this week, while gas rigs decreased by four to 112, their lowest level since mid-January 2022.
Most of those gas rig cuts were in the Haynesville shale gas field in Louisiana, Texas, and Arkansas, which fell by four to 36 rigs this week, the lowest since October 2020.
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
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