Baker Hughes: U.S. Rig Count Rises for the First Time in Four Weeks
The number of active drilling rigs in the U.S. — a key indicator of future hydrocarbon production — increased by 2 unitsin the week ending April 17, marking the first uptick in four weeks, according to Baker Hughes. The total U.S. rig count now stands at 585, which is 34 …
United States Predicted a Record Production of Shale Oil in April
Oil production at the seven largest US shale deposits in April could reach its highest since December 2019, the Energy Information Administration (EIA) of the US Department of Energy said on Monday. It is estimated that shale oil production could rise by 68,000 barrels per day – the slightest increase …