The U.S. rig count is down five rigs from last week to 851, with oil rigs up one to 713, gas rigs down six to 137 and miscellaneous rigs unchanged at one.
October 18, 2019, 11:08 AM MDT
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The U.S. will be exporting almost six million bbls/d by 2022, according to a new forecast.
October 15, 2019, 10:57 AM MDT
October 15, 2019, 7:37 AM MDT
ProPetro Holding Corp. this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.
October 15, 2019, 7:48 AM MDT
October 15, 2019, 7:43 AM MDT
The U.S. rig count is up one rig from last week to 856, with oil rigs up two rigs to 712, gas rigs down one to 143 and miscellaneous rigs unchanged at one.
October 11, 2019, 11:27 AM MDT
October 11, 2019, 7:48 AM MDT
October 11, 2019, 7:54 AM MDT
With a 25 million horsepower supply and a 15 million horsepower demand, the U.S. is “vastly oversupplied” in terms of the fracking equipment needed to complete work, says Ryan Carbrey. Fortunately, one factor that may bring some reprieve to beleaguered service and supply firms reeling from poor pricing is the limited lifespan of their equipment.
October 10, 2019, 9:19 AM MDT
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October 9, 2019, 10:39 AM MDT