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  1. BHI: Permian basin rig count up 101 since May 13

    The most attractive oil region in the US and perhaps the world has added more than 100 active rigs since last spring. The Permian basin of West Texas and southeastern New Mexico has provided much of the upward lift for the recent US rig-count rebound, and the trend continued during the week ended Dec. 2 as the country’s overall tally increased by 4 to 597, according to data gathered by Baker Hughes Inc. The Permian gained 7 units to 235, an increase of 101 since May 13. The overall US count is now up 193 units since hitting a nadir during May 20-27. During a shortened Thanksgiving holiday week, the count gained 5 units OGJ Online, Nov. 23, 2016 ). US oil-directed rigs represented 3 of the units to begin operations this week, bringing its total to 477, up 161 since May 27. Natural gas-targeting rigs gained 1 unit to 119, up 36 since Aug. 26. One rig considered unclassified remains active. The onshore rig count increased 6 units to 574, lifted by a 10-unit jump in horizontal rigs to 485, up 171 since May 27. Directional drilling rigs dropped 6 units to 46. Both rigs drilling offshore and in inland waters declined a unit to 22 and 1, respectively. A quick drilling recovery by US exploration and production firms, many of which have sharpened their focus on Permian oil, may have contributed to this week’s decision by members of the Organization of Petroleum Exporting Countries to curtail their production in an effort to rebalance the oil market. OPEC’s desired outcome of higher crude oil prices, however, may stimulate even more drilling and production in the US. The US did its part in contributing to a rebalance in September, at least, when its crude oil production recorded a year-over-year decline of 8.9% to 8.58 million b/d, according to data published by the US Energy Information Administration . Compared with its August average, it was down 1.9% despite more than 100 active rigs having started operations since May. Gulf of Mexico output largely weighed on the lower September average, falling 8.9% month-over-month to 1.507 million b/d, possibly impacted by shut-ins due to the threat of Tropical Storm and Hurricane Hermine. September output was down 9.3% year-over-year compared with an increase of 1% year-over-year in August. Total shut-in oil production in the gulf exited August at 300,000 b/d, or more than 20% of total gulf output, and averaged 200,000 b/d into Sept. 2 as operators moved to restore flow, the US Bureau of Safety and Environmental Enforcement reported at the time ( OGJ Online, Sept. 2, 2016 ). In the Lower 48, meanwhile, Texas recorded its first increase since January, edging up 0.2% in September from its August average to 3.163 million b/d, down 7.4% year-over-year. The state’s year-over-year decline was 7.4% compared with its May drop of 9.4%. New Mexico was up 2.1% month-over-month to 395,000 b/d. At the time, the Permian accounted for about two thirds of all US rig count increases dating back to May 27. Texas drilling is expected to continue to ramp up over the coming months, according to data obtained by the Texas Alliance of Energy Producers. The industry group this week said the number of original drilling permits issued in the state during October totaled 855, up 4% from the October 2015 total ( OGJ Online, Dec. 1, 2016 ). Texas towers above all Thanks to the Permian, Texas, also up 7, led the major oil- and gas-producing states in gains this week. At 286 rigs working, the state has added 113 units since May 27. The Eagle Ford , which has struggled to pull out of its drilling rut, rose 2 to 40. The Barnett also added 2 units, doubling its count. The Haynesville increased 3 units to 26 and has doubled its count since Sept. 30 as gas drillers have become more active. Wyoming jumped 4 units to 17. Oklahoma increased 2 units to 81, up 27 since June 24. The Cana Woodford collected a unit to 39. Utah lost a unit to 4. North Dakota and Colorado each dropped 2 units to 31 and 20, respectively. Providing the downward movement in those states, the Williston and DJ-Niobrara also decreased 2 units each to respective totals of 31 and 20. Due in part to the offshore and inland waters losses, Louisiana led all with a 4-unit decline to 48. Canada, meanwhile, surged to 200 rigs working this week with a 26-unit jump, the country’s largest increase since the beginning of the year. Gas-directed rigs spurred the rise, gaining 20 units to 98. Oil-directed rigs rose 6 units to 100. Two rigs considered unclassified remain active. Contact Matt Zborowski at matthewz@ogjonline.com .

    Online Articles

    Online Articles

    Fri, 2 Dec 2016

  2. GoM production restored following Tropical Storm Hermine

    Offshore oil and gas operators in the Gulf of Mexico were able to re-board platforms and rigs and restore production following Tropical Storm Hermine, reports the US Bureau of Safety and Environmental Enforcement.

    Online Articles

    Online Articles

    Tue, 6 Sep 2016

  3. Tropical Storm Danielle expected to strengthen to hurricane

    Tropical Storm Danielle continues to gain strength with forecaster’s predicting it will most likely intensify to a Category 2 hurricane over the next 24 hours although staying on a course far to the east of the U.S.

    Online Articles

    Online Articles

    Mon, 23 Aug 2010

  4. MARKET WATCH: NYMEX oil prices edge up on tropical storm threat in gulf

    Crude oil futures for July delivery dropped modestly on the New York market June 15 to remain below $60/bbl, but prices were edging up again in early trading June 16 as Tropical Storm Bill developed in the Gulf of Mexico and headed toward Texas.

    Article

    Article

    Tue, 16 Jun 2015

  1. Tropical Storm Colin brings power outages to Florida

    Online Articles

    Online Articles

    Tue, 7 Jun 2016

  2. Tropical Storm Lee takes aim at Gulf of Mexico oil and gas facilities as operators work to evacuate

    Recently upgraded from a tropical depression, Tropical Storm Lee is churning through the Gulf of Mexico, taking aim at the Louisiana Gulf Coast, and forcing offshore operators and contractors to evacuate oil and gas facilities.

    Online Articles

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    Fri, 2 Sep 2011

  3. Tropical Storm Don takes aim for Texas coast, as oil and gas operators evacuate offshore facilities

    Tropical Storm Don is currently churning through the US Gulf of Mexico, taking aim for the Texas coastline, as oil and gas operators begin evacuating offshore staff in the path of the storm. 

    Online Articles

    Online Articles

    Thu, 28 Jul 2011

  4. Tropical Storm Conson treks across South China Sea

    After ransacking the Philippines with near-typhoon strength winds and rain, Tropical Storm Conson is now located over the South China, disrupting offshore operations in its path.

    Online Articles

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    Wed, 14 Jul 2010

  5. Tropical Storm Emily strengthens over night

    The severe tropical wave heading across the Atlantic Monday was upgraded to Tropical Storm Emily over night, as the Caribbean Islands brace for her arrival.

    Online Articles

    Online Articles

    Tue, 2 Aug 2011

  6. Tropical Storm Bret expected to miss Gulf of Mexico oil and gas production

    Tropical Storm Bret formed in the Atlantic Ocean and is heading toward the Bahamas, gaining strength in open waters.

    Online Articles

    Online Articles

    Mon, 18 Jul 2011

  7. Oil and gas operators start evacuations as Tropical Depression Five is expected to strengthen into Tropical Storm Danielle

    Expected to strengthen into Tropical Storm Danielle before making landfall, Tropical Depression Five is currently barreling across the Gulf of Mexico, potentially shutting-in oil and gas production and forcing offshore evacuations.

    Online Articles

    Online Articles

    Wed, 11 Aug 2010

  8. Tropical Storm Richard forms, may threaten US Gulf oil and gas operations next week

    The 17th named storm of the 2010 Atlantic hurricane season formed in the Caribbean Sea Thursday, packing sustained winds measuring 40 miles per hour. Tropical Storm Richard may hit the US Gulf Coast next week, advises ImpactWeather.

    Online Articles

    Online Articles

    Thu, 21 Oct 2010

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