Energent Group

05/04/2015

26 Rigs idled and overall slower decline this week. Check out where rigs are located with our free interactive rig count report.

Permian Basin -3.3% to 238 rigs compared to last week’s 246 rigs. Eagle Ford -4.3% to 110 rigs from last week at 115 rigs. Williston Basin +1.3% to 80 from last week’s 79 rigs. Marcellus -2.9% to 67 from last week’s 69 rigs. Mississippian -13.8% to 25 from last week’s 29 rigs

04/15/2015

The Baker Hughes US Land Rig Count declined to 937 down -4.3% this week. WTI ended this week at $51.64 per barrel. Here’s your summary chart for the week: Summary of shale play rig counts: Permian Basin -7.4% to 264 rigs compared to last week’s 285 rigs Eagle Ford -8.8% to 125 rigs from last week at…

03/17/2015

Since the WTI crashed last November, there has been a tremendous amount of uncertainty for the entire oil & gas industry. The operators and large service companies have made the headlines with news about budget cuts, high

02/13/2015

$22B Budget Cuts: Abraxas, Antero, Sanchez, ConocoPhillips Lead 2015 E&P Budget Cuts http://bit.ly/1vqKKK8

There has been a lot of activity within E&P operators' budgets for 2015 in the face of low oil prices in the market. So far, about $22 billion has been cut from initial 2015 budgets, with more updates …

01/17/2015

Land Rig Count Drops to 1599 as WTI Crude Increases to $48.45 http://bit.ly/15k5X1x

US Land Rigs dropped -4.4% this week to 1599 from 1673, as reported in the weekly Baker Hughes Rig Count. The horizontal rig count dropped to 1247, a -3.6% decline in activity. WTI Crude edged up to $48.45. Top 3 …

12/22/2014

Bakken -7, Eagle Ford +2, & OPEC Revenue down 14% http://bit.ly/1wBc1h1

This week there are no large swings in rig counts. The WTI oil price is hovering around $56 / bbl and Brent crude is at $62 / bbl. We are expecting to see a weekly …