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• The Latest Oil & Gas Rig Count Number for Friday, October 20th
  Oct 20 (Reuters)  U.S. energy firms this week added oil and natural gas rigs for a second...

  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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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell 62 cents to $88.75 a barrel Friday. Brent crude for December delivery fell 22 cents to $92.16 a barrel.
  
  Wholesale gasoline for November delivery rose 1 cent to $2.37 a gallon. November heating oil fell 1 cent to $3.16 a gallon. November natural gas fell 6 cents to $2.90 per 1,000 cubic feet.
  
  
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• Dow books worst week in a month, U.S. stocks close lower after a weekly rise in Treasury yields and oil prices
  U.S. stocks ended down on Friday, booking their worst week in...
  U.S. stocks ended down on Friday, booking their worst week in a month after a rise in Treasury yields as well as higher oil prices amid worries over the war in the Middle East.
  

  
  
  • The Dow Jones Industrial Average DJIA fell 286.89 points, or 0.9%, to close at 33,127.28.
  
  
  • The S&P 500 SPX shed 53.84 points, or 1.3%, to finish at 4,224.16.
  
  
  • The Nasdaq Composite COMP dropped 202.37 points, or 1.5%, to end at 12,983.81.
  
  

  
  For the week, the Dow fell 1.6%, the S&P 500 declined 2.4% and the Nasdaq sank 3.2%. The tech-heavy Nasdaq logged back-to-back weekly losses, while the S&P 500 snapped two straight weeks of gains, according to Dow Jones Market Data. All three benchmarks booked their largest percentage weekly drops since the week ending Sept. 22.
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• Active hurricane season has minimal impact on US oil, gas
  Despite above-average hurricane activity so far this year,...
  Despite above-average hurricane activity so far this year, US Gulf of Mexico oil and natural gas operations have remained largely unscathed, although caution is still advised until the official end of the Atlantic hurricane season on Nov. 30. The industry's most significant disruption this year was a brief, one-day interruption of operations at three Corpus Christi, Texas, refineries during Tropical Storm Harold.
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• Vital Energy doubles down on Permian after $2B spree
  Having invested almost $2 billion in Permian Basin-focused...
  Having invested almost $2 billion in Permian Basin-focused acquisitions this year, Vital Energy is ready for further expansion and sees promise in the Delaware Basin, according to President and CEO Jason Pigot. The company's main objectives include growing its oil weighting from 50% to 55% and increasing its drilling inventory.
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