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Rig count continues to swell

baker hughes rig count

The Baker Hughes rig count Friday showed another significant increase in exploration for oil and gas. The rig count went from 712 to 729, an increase of 17. Of those rigs, 583 are exploring for oil and 145 are exploring for gas. All the additions this week were looking for oil. Alaska, Arkansas, Colorado and Wyoming each added one rig. ...

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Exxon Mobil joins Permian land rush

oil derrick

Exxon Mobil announced Tuesday it will sell $5.6 billion in stock to acquire companies that control prime areas of oil and gas real estate in the Permian Basin. The company estimates that 60 billion barrels of oil reside under the land included in the oil and gas interests soon acquired from Fort Worth’s Bass family. About 3.4 billion barrels is ...

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Starry, Starry Night . . . Oh Wait, That’s a Light Tower

Dark Skies Initiative, light pollution, LTR

Sponsored Content “The stars at night, are big and bright, (clap, clap, clap, clap), deep in the heart of Texas.” Well, not all the time. But if some professors, astronomers, and oil and gas companies have their way, the stars will be as bright as fresh mountain snow. If anyone has ever driven out to the drilling fields of west ...

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Rig count slides after 10 weeks of increases

baker hughes rig count

After ten weeks of gains, the U.S. rig count from Baker Hughes shows a decrease of six since last week, dropping from 665 to 659. However, the total is still up 9 from last year at this time when the count was 650. Colorado, North Dakota, Ohio, and Pennsylvania each lost one rig. Oklahoma and Texas were each down two ...

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Rig count up for 10th straight week

baker hughes rig count

The total U.S. rig count increased seven this week for a total of 665, one ahead of last year’s total. Baker Hughes reported 529 rigs exploring for oil, with 135 exploring for natural gas. The Permian Basin still remains the rig leader, with 267 rigs in the area, up three from last week. Colorado gained one, Louisiana was up two, ...

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Hamm: Pruitt is a great pick to lead the EPA

Pruitt, EPA

This week, President-elect Donald Trump made another appointment that will directly influence the oil and gas industry in the United States. Trump named Oklahoma Attorney General Scott Pruitt as his choice to run the agency that makes many energy industry folks shudder, just by hearing the name. However, Trump’s pick to lead the Environmental Protection Agency (EPA) is what drilling ...

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Practical Weatherization Tips: Beyond Caulking

weatherization, spray foam

Keeping your house warm while staying inside your budget isn’t always easy. As the cost of energy goes up with the impending recovery in the oil sector, commercial and residential power sources will follow suit, as they traditionally have in the past.  One way to keep your energy costs under control is to make sure your home is well equipped ...

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Texas adds 7 rigs; Dec. 2 rig count totals 597

baker hughes, rig count

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four ...

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OPEC agrees to cut production, US producers prepare to respond

OPEC headquarters

Have you been watching the price of oil? As this story is being written, WTI Crude sits at $51.37, up 31 cents. Yesterday, according to Reuters, Brent crude was at its highest in 16 months. Why the jump? Because the Organization of Petroleum Exporting Countries agreed to its first oil output reduction since 2008. Members pledged to remove 1.2 million barrels ...

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Giving back to the community builds a strong corporate bond

LTR

It is truly rare when you find a company that is more interested in helping others than helping itself.  It takes a leader who believes in paying it forward, and knowing that having a corporate reputation as a company that gives back to the community will pay off in so much more than money. That’s been the case at Light ...

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