Drilling activity snapped a 12-week losing streak, powered higher by a surge in natural gas activity. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count climbed seven rigs, the ...

Companies are using advanced technology to drill many miles underground to reach the hot rock below. Their quest is to make ...

The United States is not only the top producer of oil and natural gas, but also a leader in cutting its carbon footprint, reducing emissions by 17 percent below its 2005 level—more than any ...

U.S. natural gas futures fall sharply, giving back most of last week’s gains on cooler near-term temperature forecasts, a decline in LNG feedgas flows and a rise in natural gas rigs.

Aug nat-gas prices on Friday settled higher on forecasts for excessive heat next week in the US. Vaisala said forecasts ...

U.S. Natural Gas Drilling Collapses At Fastest Fastest Pace Since 2016 By ZeroHedge - May 15, 2023, 10:00 AM CDT BakerHughes: the US natural gas sector is rapidly pulling drilling rigs from the field.

Similar to crude oil prices, which are a good $40 per barrel lower than 2022 peaks, U.S. natural gas prices averaged $2.42 per million British thermal units during the second quarter, some 60% ...

The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.. Rigs searching for natural gas declined by ...

Natural-gas drilling has rarely been so profitable. Yet U.S. producers say they will retire debt, buy back shares and pay dividends rather than ramp-up output. ...

Total active gas drilling rigs in the U.S. sank by 16 to stand at 141, the lowest total since April 2022 and the biggest weekly decline since February 2016, Baker Hughes reported Friday.

The U.S. is the world's top producer of natural gas, and became the No. 1 exporter of LNG in 2022 as Europe looked to America to wean itself off Russia's vast energy supplies following the ...