Tag: rig count

News and Policies, U.S.

US drilling costs start to rise as rig count climbs

July 17, 2017

Via: American Energy News

US oil and gas exploration and production companies are paying more to hire drilling rigs as the number of rigs still idle after the slump declines. Drilling costs were up by 8 per cent in June 2017 compared with their […]

Chemical, Conventional Fuels

Increased drilling may slow pace of crude oil production declines

July 27, 2016

Via: US Energy Information Administration

Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines. Benchmark West Texas Intermediate (WTI) crude oil prices averaged $46.59 per barrel (b) over the past […]