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Texas adds 13 drilling rigs as oil prices improve

Energy companies brought out 13 more rigs actively drilling for oil and gas in Texas this week as oil prices rebounded to hover just below $50 a barrel. This was the third consecutive week of…

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US Rig Count Up by 6, More Drilling Activity Seen on Land

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI – Analyst Report)    reported a higher U.S. rig count (number of rigs searching for oil and gas in the country) than the previous…

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90% Off Sale On Offshore Drilling Rigs?

It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a…