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Author Archives: Eva Vigh

Baker Hughes data shows drop in US oil-rig count

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The number of rigs drilling for oil in the US dropped by five to 763 this week, according to the Baker Hughes weekly rig count. Meanwhile, the number of rigs drilling for natural gas jumped from 181 to 182. The total US active rig count now stands at 946, with 927 rigs drilling on land and 16 offshore.

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US rig count drops by five

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The total US rig count dropped by five this week, reaching 949 rigs, according to the Baker Hughes weekly rig count. The report shows the number of rigs drilling for oil and gas on land fell from 934 to 928 this week. Offshore, the count grew by one rig, hitting 18.

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US land rig count hits 931

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The US land rig count reached 931 today, a seven-rig increase from last week, according to the Baker Hughes weekly rig count. The number of rigs drilling offshore in the US increased by one this week, hitting 24. This puts the total US rig count at 958. There are now 766 rigs in the US drilling for oil and 192 drilling for gas.

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US land rig count falls by four, offshore grows by two

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The number of land rigs drilling for oil and gas in the US fell by four this week, according to the Baker Hughes weekly rig count. There are now 924 land rigs. Meanwhile, this week saw an increase of two rigs offshore, growing from 21 to 23 rigs. This puts the total US rig count at 950. Last year at this time, there were only 462 rigs drilling in the US.

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US total rig count holds steady

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The US total rig count remained at 952 this week, according to the Baker Hughes weekly rig count. Although the land rig count increased by one, the number of rigs drilling in inland waters dropped by one unit. There are 21 rigs drilling offshore US. Last year, there were 447 total rigs in the US.

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US land rig count grows by 12

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After last week’s drop in oil and gas rigs, Baker Hughes has reported a 12-rig increase this week for rigs drilling onshore US. There are now 927 land rigs, putting the total US rig count at 952. One year ago, there were only 440 rigs drilling in the US.

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New digital age may disrupt traditional business models

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By Linda Hsieh, Managing Editor The length and severity of this downturn have triggered a lot of discussion around the industry’s business model. Much of the discussion has centered around revising the traditional dayrate model to incentivize performance, but do such bonus schemes go far enough? The drilling industry is at the cusp of an inflection point in its digital revolution. From automation to robotics, from data analytics to artificial intelligence (AI) – every day new technologies are pushing the industry ever closer toward changes that could significantly disrupt the business model as we know it. Numerous other industries have already undergone such disruptions, typically with new-to-industry “disruptor” companies coming out on top. “Uber is the world’s largest taxi company, ...

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