by paperboy | Jul 19, 2023 | Today in Energy
Baker Hughes’ rig count in Permian Basin as of July 14 fell by 5 in the previous week to 337 rigs – its lowest count of rigs in 14 months since May 2022. There were 350 rigs in Permian Basin a year ago and 353 to start 2023. Also there were 329 rigs in Texas (337...
by paperboy | Jul 14, 2023 | Today in Energy
U.S. rig count showed an increase of 6 rigs in the previous week to break a streak of 9 consecutive weeks of declines. Baker Hughes said as of July 7 there were 680 rigs (674 previous week, 752 year ago) in U.S. The count declined from 755 to 674 during that...
by paperboy | Jul 6, 2023 | News From Around New Mexico, Today in Energy
July 6, 2023
Data source: U.S. Energy Information Administration and Enverus
In southeastern New Mexico, horizontal wells in Lea and Eddy counties drove much of the recent growth in Permian Basin crude oil output. Output from horizontal wells in...
by paperboy | Jul 4, 2023 | Today in Energy
Lea County, N.M., regained the top spot for count of active drilling rigs in Permian Basin as of June 30 at the end of the third quarter. Baker Hughes said Lea added 7 rigs in the past week for a new total of 56. The previous leader, Eddy, N.M., lost 6 rigs in the...
by paperboy | Jul 1, 2023 | News From Around New Mexico, Today in Energy
from the Permian Basin Petroleum Association Before the 2023 New Mexico Legislative Session began, PBPA learned that the New Mexico Oil Conservation Division (OCD) Director Adrienne Sandoval would be leaving the agency and taking a position with the U.S. Environmental...
by paperboy | Jun 28, 2023 | Today in Energy
Baker Hughes’ counts of active drilling rigs continue to decline as of June 23. U.S. count of 682 is down for the eighth straight week (687 last week, 753 year ago). Permian count is down for the seventh time in the last eight weeks to 341 (342 last week, 349 year...