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2017-10-16 11:30:00

U.S. RIGS DOWN 8 TO 928

U.S. RIGS DOWN 8 TO 928

BAKER HUGHES A GEU.S. Rig Count is down 8 rigs from last week to 928, with oil rigs down 5 to 743, gas rigs down 2 to 185, and miscellaneous rigs down 1 to 0.

U.S. Rig Count is up 389 rigs from last year's count of 539, with oil rigs up 311, gas rigs up 80, and miscellaneous rigs down 2 to 2.

The U.S. Offshore Rig Count is down 2 rigs from last week at 20 and down 3 rigs year-over-year.

Canada Rig Count is up 3 rigs from last week to 212, with oil rigs unchaged at 112 and gas rigs up 3 to 100.

Canada Rig Count is up 47 rigs from last year's count of 165, with oil rigs up 22 and gas rigs up 25.

 

      Week   Year
Location Week +/- Ago +/- Ago
           
Land 907 -6 913 394 513
Inland Waters 1 0 1 -2 3
Offshore 20 -2 22 -3 23
United States Total 928 -8 936 389 539
           
Gulf Of Mexico 20 -2 22 -2 22
           
Canada 212 3 209 47 165
           
North America 1140 -5 1145 436 704
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 743 -5 748 311 432
Gas 185 -2 187 80 105
Miscellaneous 0 -1 1 -2 2
           
Directional 79 0 79 28 51
Horizontal 786 -6 792 355 431
Vertical 63 -2 65 6 57
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 112 0 112 22 90
Gas 100 3 97 25 75
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 6 1 5 -3 9
Arkansas 0 0 0 -1 1
California 14 -2 16 8 6
Colorado 34 0 34 13 21
Kansas 1 1 0 1 0
Louisiana 65 -1 66 17 48
New Mexico 69 0 69 37 32
North Dakota 51 1 50 21 30
Ohio 29 0 29 15 14
Oklahoma 124 -3 127 51 73
Pennsylvania 32 1 31 7 25
Texas 444 -4 448 200 244
Utah 12 0 12 8 4
West Virginia 15 -1 16 5 10
Wyoming 23 0 23 10 13
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 2 0 2 2 0
Arkoma Woodford 11 0 11 7 4
Barnett 4 -4 8 1 3
Cana Woodford 60 0 60 21 39
DJ-Niobrara 25 -1 26 7 18
Eagle Ford 63 -6 69 32 31
Fayetteville 0 0 0 -1 1
Granite Wash 12 -1 13 2 10
Haynesville 44 0 44 28 16
Marcellus 45 0 45 11 34
Mississippian 5 1 4 3 2
Permian 384 1 383 183 201
Utica 30 0 30 15 15
Williston 51 1 50 21 30

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Earlier:  

 USA:

 

       

 CANADA:

 

 U.S. OIL FOR ASIA
2017, October, 13, 12:50:00

U.S. OIL FOR ASIA

A fresh wave of North American crude cargoes could reach the Far East in the coming months, with an estimated 6 million barrels or more of light sweet US grades loading in November expected to find a home in Asia as regional end-users step up efforts to find cheaper feedstocks amid sustained strength in the Middle Eastern crude complex, Asian trade sources said.

 

         TRANSCANADA'S CAPITAL PROGRAM: $24 BLN
2017, October, 6, 12:30:00

TRANSCANADA'S CAPITAL PROGRAM: $24 BLN

We will continue to focus on our $24 billion near-term capital program which is expected to generate growth in earnings and cash flow to support an expected annual dividend growth rate at the upper end of an eight to 10 per cent range through 2020.

 U.S. RIGS DOWN 4 TO 936
2017, October, 9, 21:30:00

U.S. RIGS DOWN 4 TO 936

U.S. Rig Count is up 412 rigs from last year's count of 524, with oil rigs up 320, gas rigs up 93, and miscellaneous rigs down 1 to 2. Canada Rig Count is up 44 rigs from last year's count of 165, with oil rigs up 25 and gas rigs up 19.

         WORLDWIDE  RIG COUNT DOWN 35
2017, October, 9, 21:35:00

WORLDWIDE RIG COUNT DOWN 35

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for September 2017 was 931, down 21 from the 952 counted in August 2017, and down 3 from the 934 counted in September 2016. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in September 2016.

 

 GAS IS ESSENTIAL
2017, October, 4, 23:45:00

GAS IS ESSENTIAL

API - “The increased use of natural gas in electric power generation has not only enhanced the reliability of the overall system, but it has also provided significant environmental and consumer benefits. 

         CANADA NEED $60
2017, September, 29, 12:10:00

CANADA NEED $60

“Fifty-dollar WTI is not high enough to support a material uptick in oilsands investments,” said Randy Ollenberger, managing director of oil and gas equity research for BMO Capital Markets. “Sustained US$60-plus oil prices are required to support most projects.”

 

 U.S. HIGHEST PETROLEUM DEMAND
2017, September, 29, 12:25:00

U.S. HIGHEST PELROLEUM DEMAND

Total petroleum deliveries in August moved up by 1.3 percent from August 2016 to average 20.5 million barrels per day. These were the highest August deliveries in 10 years, since 2007. Compared with July, total domestic petroleum deliveries, a measure of U.S. petroleum demand, decreased 0.6 percent. 

 

         CANADIAN DRILLING UP
2017, August, 3, 12:10:00

CANADIAN DRILLING UP

The Petroleum Services Association of Canada (PSAC) has updated its 2017 Canadian Drilling Activity Forecast to reflect an increase in its projected total number of wells to be drilled during the year to 7,200 from 6,680.

 U.S. WANT OIL MARKET
2017, September, 27, 13:35:00

U.S. WANT OIL MARKET

If the US were to reimpose nuclear sanctions on Iran, the Trump administration would do so in a way that would have minimal impact on the global oil market, a senior State Department official said Tuesday.

         CANADA'S ECONOMY UP 4%
2017, July, 19, 14:40:00

CANADA'S ECONOMY UP 4%

IMF: Canada’s economy expanded at an annual pace of nearly 4 percent in the first quarter of 2017—the fastest growth rate among the Group of 7 countries. With the economy’s adjustment to lower oil prices almost complete, growth is expected to accelerate to 2.5 percent this year, up from 1.5 percent in 2016.

 

 U.S. OIL + 79 TBD, GAS + 788 MCFD
2017, September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

Crude oil output from the seven major US onshore producing regions is forecast to increase 79,000 b/d month-over-month in October to 6.083 million b/d. Natural gas production from the seven regions is expected to climb 788 MMcfd month-over-month in October to 59.745 bcfd.

 

         CANADIAN WELLS UP TO 6,680
2017, May, 1, 12:05:00

CANADIAN WELLS UP TO 6,680

The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wells. 

 U.S. - IRAN SANCTIONS
2017, September, 18, 12:20:00

U.S. - IRAN SANCTIONS

On Thursday, the administration extended certain sanctions on Iran's oil and banking sectors that have been suspended since the nuclear deal took place in January 2016.

         CANADA'S OIL WILL UP
2016, June, 28, 18:05:00

CANADA'S OIL WILL UP

Canada's oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than new projects

 

Tags: USA, CANADA, OIL, GAS, RIG, COUNT