View full page at energyexch.com

 

US oil, gas rig count jumps 9 to 528, with activity hike in smaller basins

From spglobal.com

The US oil and natural gas rig count jumped nine to 528 in the week ending April 7, rig data provider Enverus said, as drilling activity pulled back slightly in the giant Permian Basin but increased in a handful of smaller basins. The Eagle Ford Shale in South Texas gained two rigs from the previous week for a total 43. The SCOOP/STACK of Oklahoma (19 rigs), the Bakken Shale (15) in North Dakota and Montana, the DJ Basin (14) in Colorado and the Utica Shale (13), mostly in Ohio, each gained a rig. The Permian, sited in West Texas and New Mexico, lost a rig during the week, leaving 235. Horizontal rigs that typically ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis