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More Forecast - Rig Count News
Magnolia Oil & Gas Details 2022 D&C Spending; Two-Rig Program
Magnolia Oil & Gas reported its 2022 capital plan and guidance. 2022 Plan - Capex: $350 million - up 52% vs. 2021 D&C capital D&C: $350 million -…
Drilling Contractors Talk What to Expect in 2H21
After reviewing Q2 reports, calls as well as speaking with customers, here is an overview of what to expect for the drilling & completions market for the remainder…
Helmerich & Payne Fiscal Q4: Predicts Big Rig Jump at Start of 2021
Helmerich & Payne, Inc. reported its fiscal Q4 2020 results. Predicts 30% Rig Increase in Early 2021 President and CEO John Lindsay commented, “We expect our contracted rigs…
New Survey Polls E&P, Service Providers on Industry Future: Rigs, DUCs, Production, Goals
In a study released this week, we are getting a good look at what E&Ps, service providers and top oil executives are expecting from the oil and gas…
Three Major Service Companies Detail Drilling & Frac Outlook for 2H 2020
Halliburton, Schlumberger, and Patterson have shared what they expect will happen in North American land market for the remainder of the year. The companies talk about what to…
United States News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…