Items Tagged with 'rigs'

ARTICLES

Continental Cuts Capex by 12%, Monetizes Oil Hedges

Continental Resources Inc. is betting that the sell-off in crude oil has hit bottom and has monetized nearly all of its hedge positions through 2016, while keeping about one-third of its natural gas hedged in 2015 at an average price of $4.34/Mcf. Read More

Customer Demand Drives Patterson-UTI Focus on High-Tech Rigs, HP

Patterson-UTI Energy Inc. (PTEN) expects to have an estimated 27% more in onshore horsepower capacity for its pressure pumping fleet services by the middle of 2015 as customers push for more intense hydraulic fracturing (frack) services, executives said Thursday. Read More

U.S. Land Rig Activity Rebounds Sharply, Says Nabors CEO

Demand for new onshore rigs in the U.S. Lower 48, combined with a big rebound in hydraulic fracturing services, lifted Nabors Industries Ltd. to better-than-expected... Read More

Nabors Tie-Up With C&J to Create Giant North American Completions Business

C&J Energy Services Inc. late Wednesday agreed to merge with Nabors Industries Ltd.'s completions arm in a $2.86 billion deal that would create one of the... Read More

More Than Ever, Permian Drillbits Going Sideways

Over the last five months, the number of horizontal drilling rigs targeting oil in the Permian Basin of West Texas and southeastern New Mexico has climbed... Read More

H&P Raises Capex on Permian Activity, Demand for FlexRigs

The U.S. onshore operations of Helmerich & Payne Inc. (H&P) are the continuing benefactor of increasing drilling activity, particularly in the Permian Basin, recovering spot pricing levels and a pressing need for more specialized rigs, the company’s CEO said Thursday. Read More

PTEN Reports Escalating Demand for High-Spec U.S. Land Rigs

Icy weather idled crews and equipment across the United States during the first quarter, but demand for specialized rigs remained strong... Read More

Patterson-UTI Sees Bright 2014 on Increased Rig, Services Demand

Patterson-UTI Energy Inc.'s (PTEN) stock rose dramatically Thursday after it reported not only high demand for its specialized onshore walking rigs, but customers taking rigs without updated equipment to keep up with rising Permian Basin activity. Read More

Chesapeake Trims Spending; Adds Rigs in Haynesville

The days of freely spending money at Chesapeake Energy Corp. are through as capital discipline takes over from wheeling and dealing... Read More

Winter's Wrath Cost Pioneer 6,000 boe/d of Q4 Production

Pioneer Natural Resources Co.'s fourth quarter production was dinged by about 6,000 boe/d due to severe winter weather in Texas that affected mainly the Permian Basin region. Operations are now back to normal, the company said Tuesday in a production update. Read More