Updated Aug 22, 2024
8/22/24
The commercial start up of Western Canada’s first natural gas export project, LNG Canada, is going to lead to an uptick in Montney Shale drilling in 2025, according to Calgary-based Precision Drilling Corp.
The U.S. total combined oil and natural gas rig count of 586 for the week ending (Aug. 2) was down three rigs week/week, with gas-directed units accounting for the entire decline, according to the latest Enverus and Baker Hughes Co. data.
The U.S. natural gas rig count fell by one unit to 100 for the week ended Friday (July 12) as drilling activity leveled off, according to updated Enverus and Baker Hughes Co. (BKR) data.
The U.S. natural gas rig count rose by four units to 101 for the week ending Friday (July 5) amid an increase in drilling in the South Central region.
The U.S. natural gas rig count fell one unit to 97 for the week ended Friday (June 28), while a six-rig decrease in the oil patch sent the combined domestic tally to 581, according to updated numbers published by Baker Hughes Co. (BKR).
The U.S. natural gas rig count fell two units to 98 for the week ending Friday (June 7) amid a slowdown in Marcellus Shale drilling, updated figures from Baker Hughes Co. (BKR) show.
The U.S. natural gas rig count increased by one to make it an even 100 for the week ending Friday (May 31), while a one-rig decrease in the oil patch left the combined domestic tally unchanged at 600, according to updated numbers published by Baker Hughes Co. (BKR).
The slump in natural gas prices has pressured the U.S. land market, but signs are emerging that the rig count may be “nearing a leveling off point,” according to the CEO of Helmerich & Payne Inc. (H&P).
The U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers from Baker Hughes Co. (BKR).
The timing for the next leg of growth in North America remains uncertain, but there’s “no question” that natural gas output will drive the market into 2025 and beyond because of LNG exports and rising electricity demand, Halliburton Co. CEO Jeff Miller said.