Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Rig numbers in North Dakota recover
by Daniel J. Graeber
Bismarck, N.D. (UPI) Jun 8, 2015


disclaimer: image is for illustration purposes only

The number of rigs actively exploring for or producing oil and natural gas in North Dakota recovered from recent lows, state data show.

The state government reports 82 rigs in active service as of Monday, up one from Friday and two more than the number reported June 1, which marked a new record low for the state at the heart of the shale oil boom in the United States.

North Dakota is the No. 2 oil producer. Oil production in March, the last full month for which data are available, was 1.19 million barrels per day, an increase from the previous month, but 3 percent below the all-time record set in December.

State data from mid-March showed 111 active rigs in the state. There were 156 active rigs reported in the state in January. The North Dakota Industrial Commission said at the time the weakened crude oil market was "by far the biggest driver behind the slow-down" in rig activity.

Rig data can serve as a barometer for the health of the energy sector. The low price of crude oil is leaving energy companies with less capital to invest in exploration and production, known as the upstream side of the oil and gas sector.

Oilfield services company Baker Hughes last week said in its rig count report there were 10 fewer rigs actively exploring for or producing oil and natural gas in the United States than the previous week. Canada gained rigs, meaning all of the loss in North America for the week ending May 29 came from the United States.

The price for West Texas Intermediate, the U.S. benchmark, was around $46.50 in mid-March. WTI was trading near $58 per barrel early Monday.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Angolan president heads to China as low oil price bites
Luanda (AFP) June 8, 2015
Angolan President Jose Eduardo dos Santos headed on Monday for his first official visit to China in seven years as his country, which is Africa's second largest oil producer, struggles with falling oil prices. Dos Santos, who has ruled since 1979, only makes rare trips abroad from the former Portuguese colony, which remains one of the world's poorest countries despite its natural resources. ... read more


OIL AND GAS
How natural channel proteins move in artificial membranes

Researchers simulate behavior of 'active matter'

An inexpensive rival to graphene aerogels

Magnetic nanoparticles could offer alternative to rare Earth magnets

OIL AND GAS
Continued Momentum for Commercial Satellite Acquisition Reform

IOC status for upgraded French AWACS aircraft

Russian Radio-Electronic Forces to Conduct Drills in Armenian Mountains

Thales granted multiple-award IDIQ contract for Army radios

OIL AND GAS
Recent Proton loss to push up launch costs warns manufacturer

Air Force Certifies SpaceX for National Security Space Missions

SpaceX cleared for US military launches

Ariane 5's second launch of 2015

OIL AND GAS
GLONASS to Go on Stream in 2015

Satellites make a load of difference to bridge safety

Advanced Navigation Releases Interface and Logging Unit

Raytheon delivers hardware for next-gen USAF GPS system

OIL AND GAS
The rise and fall of giant balloons on the edge of space

Northrop Grummans planned upgrade for B-2 passes CDR

Britain invests in military helicopter simulation training

CAE's CH-47 simulators pass on-site acceptance testing

OIL AND GAS
New chip makes testing for antibiotic-resistant bacteria faster, easier

A chip placed under the skin for more precise medicine

Collaboration could lead to biodegradable computer chips

Stanford breakthrough heralds super-efficient light-based computers

OIL AND GAS
New technique harnesses everyday seismic waves to image the Earth

Astronomers make 3-D movies of plasma tubes

NASA Soil Moisture Mission Begins Science Operations

In the Field: SMAP Gathers Soil Data in Australia

OIL AND GAS
Spain's crisis has taken environmental toll: Greenpeace

Researchers say anti-pollution rules have uncertain effects

Greenpeace India vows to win 'malicious' funds battle

Wetlands continue to reduce nitrates




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.