The U.S. rig count is up two rigs from last week to 1,051 rigs, with oil rigs up three to 857 and gas rigs down one to 194.
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Western Energy Services Corp. said that, given the outlook for oilfield services in Canada, it is proactively looking to deploy existing assets in Canada into more active resource plays in the United States.
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Encana Corporation has completed its acquisition of Newfield Exploration Co. in an all-stock transaction.
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As we move into the annual reporting period across the U.S. E&P sector, new hedging data from Evaluate Energy illustrates that more than 4.4 million boe/d of oil and natural gas was covered by hedging contracts heading into the fourth quarter.
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