Tag Archives: rigs

  Our regular weekly analysis of Baker Hughes rig count statistics is below, but first some campaign speech. This weekend, we are taking a break from the political rhetoric to look at drilling campaigns. For the first time in two years, the US Independents are flexing up their drilling programs. …

Shares of Apache sank 7% Thursday, closing at their lowest level since the Alpine High wet gas discovery was announced in early-September. The transformational Reeves County discovery has made Apache the darling of investors for the past several months. Here’s what’s new… There’s a lot more to this story… Login to see …

In the upstream sector, carnage isn’t hard to find. In fact, we’ve all become a bit desensitized to it. But in this beaten-up oilfield, the offshore drillers stand out, not just for recent hardships but because years of austerity lie ahead. A construction overhang factors in, but that’s not the only problem facing the offshore industry. …