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THE BEGINNING Oklahoma and oil and gas have been synonymous since the late 1800’s. Oklahoma is in the heart of the Mid-Continent...
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In last month’s article, I discussed the geographic (spatial) nature of oil and gas data and the importance and prevalence of “Where?”...
Alta Mesa Holdings, LP ☞STACK Assets Key to Continued Success Alta Mesa Holdings, LP is a privately held company engaged in onshore...
Landmen are no busier than most professionals during the work day, but it is often stated that company landmen never return the...
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The most commonly asked question in oil and gas is… WHERE? Given the amount of location-based data we work with every day...
$MSFT earnings on Tuesday, $AMZN on Thursday...
Will they follow in $TSLA's footsteps? 🩸 pic.twitter.com/Qra3eWhtLl
— TrendSpider (@TrendSpider) October 21, 2023
Oct 20 (Reuters) U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid-September, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose two to 624 in the week to Oct. 20th. Despite this week's rig increase, Baker Hughes said the total count was still down 147, or 19%, below this time last year. U.S. oil rigs rose by one to 502 this week, while gas rigs also gained one to 118.
In the Haynesville shale in Arkansas, Louisiana and Texas, gas drillers this week added three rigs, boosting the total to 40. That was the first increase in the Haynesville since early July and the biggest increase since December 2022. A year ago, there were 70 rigs operating in the Haynesville.
U.S. oil futures were up about 12% so far this year after gaining about 7% in 2022. U.S. gas futures, meanwhile, have plunged about 35% so far this year after rising about 20% last year.
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