Baker Hughes Reports 16 Straight Months of Added Oil and Gas Rigs
U.S. energy firms added oil and natural gas rigs for a record 16 consecutive months as crude prices in recent weeks rose to a seven-year high, prompting some drillers to return to the wellpad.
#VMAnews
Edited by Margo Ellis
Share
.jpg;maxWidth=385)
U.S. energy firms added oil and natural gas rigs for a record 16 consecutive months as crude prices in recent weeks rose to a seven-year high, prompting some drillers to return to the wellpad.
The oil and gas rig count, an early indicator of future output, rose six to 569 in the shortened week to Nov. 24, its highest since April 2020, energy services firm Baker Hughes said in its closely followed report.
That puts the total rig count up 249 rigs, or 78%, over this time last year.
Read the full AP story here.
RELATED CONTENT
-
Valves in Space
All of these valves need to be built to precise fits and finishes and to stringent performance requirements because “On a spacecraft, everything has got to work. If it breaks, you’re done.”
-
The Role of Valves in HAZOP Studies
Process hazard analysis (PHA) is required by U.S.
-
The Limits of Standard Manual Globe Valves for Throttling
A common practice in process services is to use manual globe valves with hand wheels for regulating flow.
 Unloading large gate valve.jpg;maxWidth=214)
