Working oil rigs fell by 20 this week to 805, according to data released Friday by oilfield-services provider Baker Hughes. Companies have boosted activity just…
Tag: Drilling Rigs
Increase in the number of drilling rigs
WTI oil continued to cautiously rise in price after the publication of the weekly report by Baker Hughes, despite the fact that it signaled an…
Evidence Mounts For Another Shale Slowdown
More and more evidence is pointing at what is now looking like a serious slowdown in U.S. shale activity, as sub $50 WTI is taking…
Drillers added 10 oil rigs in the week to Dec. 21
U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in crude futures to their lowest since the summer of 2017.