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Why Chevron Is Scaling Back Its Permian Footprint

OilPrice

The company is cutting back on drill rigs and frack crews as it nears its long-term target of 1 million barrels of oil equivalent per day, which it expects to sustain through 2040. We’re going from growth to cash generation,” said Bruce Niemeyer, president of Chevron’s shale business.

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US Oil Drillers See Sharp Decline in Activity

OilPrice

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that.

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U.S. Oil Rigs Continue to Slump On Price Uncertainty

OilPrice

The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 8-rig decrease in the week prior. The total rig count in the US fell by 2 to 537 rigs, according to Baker Hughes, down 47 from this same time last year.

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Shale Stumbles Again as U.S. Rig Count Drops Further

OilPrice

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back activity amid weak prices and cautious capital spending.

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US Oil Drillers Continue to Back Off On Price Slump

OilPrice

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Thursday, following a 7-rig decrease in the week prior.

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Baker Hughes Reports Uptick in U.S. Rig Count

OilPrice

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a string of losses for US drillers. The total rig count in the US rose by 7 to 544 rigs, according to Baker Hughes, down 42 from this same time last year.

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US Rig Continues to Sag amid Rising U.S. Crude Production

OilPrice

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease in each of the two weeks prior.