In its rapid decline in active oil and gas drilling rigs now at 11 weeks, U.S. has lost 475 rigs to fall to 318 rigs as of May 22 from 793 rigs as of March 6. Permian Basin posted a declining rig count in 10 of those 11 weeks to fall from 415 to 162 […]
Double Eagle, Parsley, Concho file drilling permits in Midland County
About 40 oil and gas companies filed 110 drilling permits with Railroad Commission of Texas in the first week of April, according to Houston Chronicle, the state’s lowest weekly total of the year. Almost 20 percent of the permits were for drilling in Midland County. Double Eagle Development of Fort Worth filed 10 permits for […]
Texas rig count returns above 500; U.S. count above 1,000 for past year
Baker Hughes’ count of active oil and gas rigs returned above 500, according to the April 12 report, after three weeks below 500. Three rigs were added in Texas in the past week for a new total of 502. Permian Basin also added 2 rigs to reach 464, but New Mexico declined 2 to 105, […]