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Tag Archives: Baker Hughes

US rig count up 10 this week to 431

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 421. A year ago, 862 rigs were active. Oil and gas exploration has plummeted amid depressed energy prices. Houston oilfield services company Baker Hughes Inc. said Friday 341 rigs sought oil and 89 explored this week for natural ...

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US rig count down 3 this week to 421

oil and gas jobs

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 421, snapping three weeks of gains after a slide that lasted months and pushed the count to record-low levels amid depressed energy prices. A year ago, 859 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

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US rig count rises 10 last week to 424 in 3rd week of gains

FILE - In this May 9, 2012 file photo, a drilling rig is seen near Kennedy, Texas. The four-decade-old ban on exporting crude oil may end up getting lifted in a must-pass year-end spending bill lawmakers are scrambling to complete. Lifting the ban is a top ask for GOP negotiators working on the sprawling legislation. In return, Democrats are seeking various environmental priorities, including making permanent tax credits for solar and wind energy production. (AP Photo/Eric Gay, File)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by 10 last week to 424, marking the third-consecutive week the count has increased after a slide that lasted months and pushed the count to record-low levels amid depressed energy prices. A year ago, 857 rigs were active. Houston oilfield services company Baker Hughes ...

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US rig count rises 6 last week to 414, 2nd week of gains

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by six last week to 414, the second consecutive week the count has increased after a slide that lasted months and pushed the count to record-low levels amid collapsed energy prices. A year ago, 859 rigs were active. Houston oilfield services company Baker Hughes ...

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US rig count sees first significant jump of 2016

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by four this week to 408, the first rig count gain in months and halting a slide that pushed the count to record-low levels amid collapsed energy prices. A year ago, 868 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

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US rig count continues to drop amid low energy prices

oil and gas jobs

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by two this week to 404, another all-time low amid low energy prices. A year ago, 885 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 318 rigs sought oil and 85 explored for natural gas. One was listed as ...

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US rig count drops 9 this week to 406, another all-time low

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 406, another all-time low amid depressed energy prices. A year ago, 888 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 328 rigs sought oil and 86 explored for natural gas. One was listed as ...

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Top Eagle Ford news stories: April 29 – May 6

rig count, oil natural gas

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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US rig count drops 5 this week to 415

rig count, oil natural gas

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by five this week to 415, another all-time low amid depressed energy prices. A year ago, 894 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday that 338 rigs sought oil and 86 explored for natural gas. One was listed ...

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Energy explorers Halliburton and Baker Hughes abandon merger

WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration, Halliburton and Baker Hughes, have abandoned their planned merger in the face of opposition by regulators who said it would hurt competition. Prospects for the merger, which was valued at nearly $35 billion when it was announced in 2014, seemed especially bleak after the Justice Department sued ...

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