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The U.S. Rig Count: April 18, 2019

 

S&P Global Platts Upstream Indicator reports U.S. rig count is 1,076 rigs, -14 from the previous week. WTI Midland average for the week is $59.33, down 3.5% from 61.48. Texas dropped 8 rigs . . .

News
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Colorado Governor Declares end to "oil and gas Wars"

Democratic Colorado Governor Jared Polis declared an end to "oil and gas wars" in the state after he signed legislation giving local governments more control over future . . . .

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Schlumberger Sees Need for More Spending Internationally

Years of under investment in the oil sector from lower oil prices than were seen in 2011-early 2014 period are beginning to take their toll on the international oil patch and . . . 


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Are Upstream oil and gas producers trapped in a dilemma?

For decades, higher production from oil companies was what the market wanted and rewarded. But now with lower production costs and abundant production a new . . .

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U.S. Rig Counts

 

  Rigs   

Previous Week

 U.S. Land 

1,041

-16

 U.S. Inland Waters

4

1

 U.S. Gulf of Mexico

31

1

  Source: S&P Global Platts Analytics, April 18, 2019

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