The slight rise in the national rig count, with the count going up by one or two rigs a week over the past five weeks (what we call a "dead cat bounce"), is over. The Baker Hughes U.S. rig count lost ground again last week. The count went from 626 active rigs two weeks ago
Earlier this week MDN told you that two of Gulfport Energy's major investors were conducting a sale of what amounts to 3.5% of the company's stock (see 2 Gulfport Energy Shareholders Selling 3.5% of Company Stock). One of the investors selling is Silver Point Capital L.P., which owns some 10% of Gulfport's stock (and has
The Energy Workforce & Technology Council, based in Houston, TX, is the national trade association for the global energy technology and services sector. The Council reports jobs in the O&G sector increased in November, adding 1,286 jobs. The O&G industry employs 652,398 jobs across the country, just 54,130 jobs away from returning to pre-pandemic levels.
Hart Energy keeps the hits rolling, publishing interviews and articles from the recent DUG Appalachia event held in Pittsburgh in November. The latest is a transcript of an interview between Hart Energy's editorial director and Encino Energy's CTO. According to the CTO, the company uses "machine learning" to perfect its oil drilling in the northern
The Ohio Dept. of Natural Resources (ODNR) released production numbers for the third quarter of 2023 late last week, and nobody noticed…except MDN (thanks to a tip from a good friend). ODNR no longer issues a press release to summarize the results as they once did. We’ve got the full spreadsheet with oil and gas