US Oil Drillers Add Rigs for 2nd Time in 2016
U.S. energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc said on Friday, after crude prices briefly tested a seven-month high over $50 a barrel over the past two weeks. That was a key price level that analysts and producers had said would likely trigger a return to the well pad. Drillers added 9 oil rigs in the week to June 3, bringing the total rig count up to 325, compared with 642 a year ago, Baker Hughes said in its closely followed report. The new rigs were scattered across many basins and states with the Permian in West Texas and New Mexico gaining five, while Alaska and Texas gained three each. Prior to this week, energy companies added only one rig so far this year, during the week of March 18.
US Oil Rig Count Falls to November 2009 Lows
U.S. energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said on Friday, as energy firms keep slashing spending despite a more than 50 percent jump in crude futures since hitting a near 13-year low in February. Drillers cut 3 oil rigs in the week to April 15, bringing the total rig count down to 351, Baker Hughes said in its closely followed report. The number of U.S. oil rigs operating compares with the 734 rigs operating in the same week a year ago. In 2015, drillers cut on average 18 oil rigs per week for a total of 963 for the year, the biggest annual decline since at least 1988 amid the deepest rout in crude prices in a generation.
US Oil Drillers Cut Rigs to Nov 2009 Lows
U.S. energy firms cut oil rigs for a third week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as energy firms keep slashing spending despite crude futures prices jumping roughly 50 percent since hitting a near 13-year low in February. Drillers cut 8 oil rigs in the week to April 8, bringing the total rig count down to 354, Baker Hughes said in its closely followed report. The number of U.S. oil rigs currently operating compares with 760 rigs operating in the same week a year ago. In 2015, drillers cut on average 18 oil rigs per week for a total of 963 for the year, the biggest annual decline since at least 1988 amid the biggest rout in crude prices in a generation.
Gulfland's Five Years of Offshore Housing Experience
US-based Gulfland Structures is celebrating their fifth year of manufacturing safe and comfortable housing for offshore gas and oil rigs. Keeping workers safe and comfortable contributes greatly to productivity and overall happiness with the working environment. Gulfland Structures say they understand this and have worked to provide the safest, quietest, most inviting accommodations available for their entire existence. Providing private areas within each bunk house that is wired to accommodate many communication devices is a key option.
