US Oil Rig Count Drops to 5-Year Low

• Sunday, 4th October 2015
• by Egypt Oil & Gas

Rig counts for US oil drilling dropped to 614 nationwide last week, the lowest level since 2010, Bloomberg reported. Rigs targeting natural gas also fell in the country, dropping to 809, the fewest since 2002. Rig cou...

US Shale Production Increases for February Even as Rig Count Falls

• Wednesday, 25th March 2015
• by Egypt Oil & Gas

U.S. shale production continued to tick upwards in February despite months of price volatility and falling rig counts, a new report by Platts said. Oil production from shale plays in North Dakota and Texas rose by 19,...