Items Tagged with 'rigs'


As Rigs Fall Again, Production Decline Anticipated

With only a net of three U.S. drilling rigs leaving play in the latest Baker Hughes Inc. count, could it be that the months-long activity decline is closing in on its bottom? Perhaps, but the count has fallen far enough now to make for shale patch output declines in the second half of the year, analysts said. Read More

Interior’s Sweeping Offshore Drilling Rule Designed to Improve Safety, But Draws Industry Ire

The Obama administration's updated offshore drilling regulations issued Thursday, designed to overhaul safety practices and equipment to prevent another Macondo-like tragedy, were barely out of the gate before industry -- and its critics -- pounced. Producers said the costs are too high, while conservation groups say the rules don't go far enough. Read More

Rigs Down Again Amid Murmurs of Comeback

The ongoing decline in active U.S. land rigs gathered pace again in the latest count by Baker Hughes Inc., with 14 units departing. However, along with a general slowing of declines in recent weeks comes talk by some analysts of what a comeback might look like. Read More