Articles tagged Baker Hughes

The U.S. natural gas rig count rose by one unit to 98 for the week ending Friday (Aug. 16), according to updated data from Enverus and Baker Hughes Co. (BKR).

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 two for the week ending Friday (July 26), while a five-rig increase in the oil patch sent the combined domestic tally up to 589, according to the latest Enverus and Baker Hughes Co. (BKR) data.

Global natural gas and LNG consumption continues to strengthen, supported by accelerating Asian demand and “resiliency” in the industrialized nations, Baker Hughes Co. CEO Lorenzo Simonelli said Friday.

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 held steady at 98 for the week ended Friday (June 21), while a small decrease in oil-directed drilling sent the combined domestic tally down two units to 588, according to the latest numbers from Baker Hughes Co. (BKR).

Expectations for North American upstream natural gas capital expenditures in 2024 continue to show a year/year decline in the low- to mid-single digits, with subdued rig counts persisting throughout the year. Eventually, those rigs would need to resume work to account for the in-service of more Lower 48 LNG export capacity next year, and possibly to gear up for the rapid growth in data centers – although it is uncertain as to what that opportunity for incremental gas demand may be.

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.

LNG remains a major driver for the U.S. natural gas industry and will play an even larger role for incremental demand. 

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).