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U.S. Oil and Natural Gas Drilling Rig Count at Record Low
2016-03-12 07:04:39| Oil & Gas - Topix.net
The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation. Combined rigs in the U.S. oil and gas fields fell by nine this week to 480, overwriting a previous record low of 488 in April 1999, according to the closely-followed industry data.
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Low oil, natural gas prices lead to delayed completions of wells
2016-02-26 05:59:46| Electronics - Topix.net
This 2012 photo shows a drilling rig operated by Continental Resources Inc. in North Dakota's Bakken field. The Oklahoma City energy company continues to drill in North Dakota, but is waiting for oil prices to improve before completing the wells.
API: Oil And Natural Gas Drilling Down By Half In Fourth Quarter 2015
2016-01-27 01:02:51| oilandgasonline Home Page
Estimated total U.S. oil and natural gas well completions fell by 51 percent in the fourth quarter of 2015 compared to year-ago levels, according to API's2015 Quarterly Well Completion Report, Fourth Quarter.
Hungry for More Shale Oil Stock? Pioneer Natural Bets Yes
2016-01-06 18:52:13| Oil & Gas - Topix.net
Even after almost $400 billion in oil company market value was wiped out by investors fleeing the crude rout, Pioneer Natural Resources Co. is betting there's ample demand for more shale-drilling shares.
Positioning Yourself For An Oil And Natural Gas Rebound With Chesapeake
2015-12-07 22:17:34| Oil & Gas - Topix.net
The current oil and natural gas slump has decimated energy securities, some more than others, and have finally brought Chesapeake Energy down to a price where I am comfortable going long. I've said in the past that I will not be a buyer until CHK hits $4/share and now that they are trading around ~$4.60 , I feel it's time to place my bet.
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