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By: Stephen Cunningham – Argus Media – Oil Majors ExxonMobil and Chevron are ramping up drilling operations in the Permian basin of...
U.S. energy firms this week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in six months, energy services firm Baker Hughes said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, rose by seven to 629 in the week to March 15. Despite this week's rig increase, Baker Hughes said the total count was still down 125 rigs or 16.6% below this time last year.
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
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U.S. energy firms have reduced the number of oil and natural gas rigs for...
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