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Lower 48 Production Nears Cycle Highs As Rig Count Rises For 18th Straight Week

While much was made of this week's drop in US crude production, it was driven by .....»»

Category: blogSource: zerohedgeMay 19th, 2017

US Oil Rig Count Rises For 17th Straight Week As Crude Production Nears Record Highs

For the 17th week in a row, the number of US oil rigs rose (by 9 to 712) but US gas rigs fell. *U.S. OIL RIG COUNT UP 9 TO 712 , BAKER HUGHES SAYS :BHI US *U.S. GAS RIG COUNT DOWN 1 TO 172 , BAKER HUGHES SAYS :BHI US Texas saw an.....»»

Category: blogSource: zerohedgeMay 12th, 2017

Rig Count Rises For 16th Straight Week; Leads US Crude Production Near Record Highs

The US oil rig count has now risen over 120% from its May 2016 lows, having dropped only .....»»

Category: blogSource: zerohedgeMay 5th, 2017

Oil-rig count rises for 18th straight week

The US oil-rig count rose by eight to 720 this week, according to oilfield services giant Baker Hughes.  This extended the longest streak of r.....»»

Category: topSource: businessinsiderMay 19th, 2017

Futures Movers: Oil tilts lower as traders eye U.S. crude output

Data showing that U.S. oil-rig count rose for the 13th straight week raises concerns over growing domestic crude production, ahead of a monthly forecast on shale output......»»

Category: topSource: marketwatchApr 17th, 2017

US Crude Production Nears 10-Month Highs As Rig Count Soars Most In Over 6 Years

Following last week's massive 29 rig jump in the US oil rig count (the largest since April 2013), Baker Hughes reports another 15 rig surge to 566 in the last week (with the entire rise dominated by horizontal/Permian rigs). US Crude production c.....»»

Category: blogSource: zerohedgeJan 27th, 2017

US Crude Production Rises As Rig Count Reaches 10-Month Highs

For the 24th week of the last 26, oil rigs rose (by 2) to 474, the highest since January 2016. US crude production rose again last week tracking the lagged trend of rising rig counts in the US.     Notably US crude production looks set to rise .....»»

Category: blogSource: zerohedgeNov 23rd, 2016

US Oil Rig Count Rises For 16th Straight Week To 8-Month Highs

With crude having rolled over, back to pre-inventory-data levels, hovering around $50, Baker Hughes reports the US oil rig count rose 4 to 432 - the 16th weekly rise in a row to th ehighest in 8 months.   US Oil Rig count data has risen for 16 straig.....»»

Category: blogSource: zerohedgeOct 14th, 2016

US Oil Rig Count Rises For 15th Straight Week To 8 Month Highs

WTI Crude prices are holding below $50 as the US oil rig count rose for the 15th straight week. Up 3 to 428, this is the highest since Feb 2016...  .....»»

Category: blogSource: zerohedgeOct 7th, 2016

WTI Extends Losses As US Oil Rig Count Rises To 7-Month Highs

With oil prices plunging after Saudis stole the jam out of the oil freeze hopers donut, US oil rig count (at seven month highs) rose 2 to 416 (the 13th week in a row) and the total rig count rose to 511.   Rig count has risen for 13 straight weeks to.....»»

Category: blogSource: zerohedgeSep 23rd, 2016

WTI Crude Slides As Oil Rig Count Rises To 7-Month Highs

Following a week of supply concerns and inventory anxiety, crude prices have slipped notably lower, more potentially bearish news just hit with Baker Hughes reporting the oil rig count rose 2 to 416 - up for the 12th week in a row. This is the highest in .....»»

Category: blogSource: zerohedgeSep 16th, 2016

Baker Hughes reports 18th straight weekly rise in the U.S. oil-rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 8 to 720 rigs this week. The latest data marked an 18th weekly rise .....»»

Category: topSource: marketwatchMay 19th, 2017

Aussie Rises To 2-Week Highs On Jobs Data, Kiwi Slips Lower

Aussie Rises To 2-Week Highs On Jobs Data, Kiwi Slips Lower.....»»

Category: topSource: seekingalphaMay 18th, 2017

US oil rig count rises for 17th straight week, extending the longest stretch since 2011

REUTERS/Jim UrquhartThe US oil-rig count rose this week by nine to 712, according to the oilfields-services giant Baker Hughes. That's the highest.....»»

Category: topSource: businessinsiderMay 12th, 2017

US Rig Count Rise Continues As Crude Production Hits 20-Month Highs

From the May 2016 lows, the number of US oil rig counts have only declined 3 times and this week was no exception. Up for its 15th week in a row (+9 to 697), its highest level since April 2015, t.....»»

Category: blogSource: zerohedgeApr 28th, 2017

Rig Count Rise Continues To Lead US Crude Production To 20-Month Highs

With WTI prices back below $50, it appears stocks and NOPEC production are trumping any OPEC hype/hope and today's Baker Hughes' rig count merely adds to those concerns. For the 13th week in a row, the nu.....»»

Category: blogSource: zerohedgeApr 21st, 2017

Oil prices push lower on U.S. supply, and as investors cash in on recent gains

Analysts say buying was suppressed by data showing that U.S. oil rig count rose for the 13th straight week in the week of April 13, with the current tally the highest in two years......»»

Category: topSource: moneycentralApr 17th, 2017

Futures Movers: Oil prices push lower on U.S. supply, and as investors cash in on recent gains

Analysts say buying was suppressed by data showing that U.S. oil rig count rose for the 13th straight week in the week of April 13, with the current tally the highest in two years......»»

Category: topSource: marketwatchApr 17th, 2017

US oil-rig count rises for 12th straight week, Baker Hughes says

Ted S. Warren/APThe US oil-rig count rose aga.....»»

Category: topSource: businessinsiderApr 7th, 2017

US oil-rig count rises for 11th straight week, Baker Hughes says

The US oil-rig count increased by 10 to 662 this week, according to oilfield-services giant Baker Hughes.  The gas-rig count rose by five to 160. Miscellaneous rigs were unchanged at two, taking the.....»»

Category: topSource: businessinsiderMar 31st, 2017

US oil rig count rises for 9th straight week

Karen Ducey/GettyThe US oil-rig count rose this week by 14 to.....»»

Category: topSource: businessinsiderMar 17th, 2017