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Jul 2, 2015

U.S. oil rig count rises for first time since December-Baker Hughes

July 2 (Reuters) – U.S. oil drilling this week increased for
the first time after 29 weeks of declines, data showed on
Thursday, the strongest sign yet that higher crude prices are
coaxing producers back to the well pad.

The oil rig count rise of 12 to 640 followed a six-month
slump in activity that reduced the number of active rigs from a
peak of 1,609 in October to a nearly five-year low last week,
energy services firm Baker Hughes Inc said in its
closely followed report.

Jun 29, 2015

For U.S. power firms, EPA ruling barely a bump on road to natgas

By Scott DiSavino

(Reuters) – For big U.S. power companies like FirstEnergy Corp, the Supreme Court’s decision knocking back landmark rules reducing air pollutants from coal-fired plants has arrived too late for them to turn away from a natural gas-fueled future.

Big coal-fired generators said on Monday that they would press ahead with facility upgrades and plant closures even after the court invalidated one of President Barack Obama’s major environmental initiatives, which would set new limits on the amount of mercury and other hazardous pollutants.

Jun 26, 2015

U.S. weekly oil rig count decline slows – Baker Hughes

June 26 (Reuters) – Energy firms pulled three rigs from U.S.
oil fields this week, the smallest drop in five weeks, data
showed on Friday, a sign the collapse in drilling is coming to
an end as crude prices recovered after falling 60 percent from
last June to March.

It was the 29th straight weekly decline, bringing the total
down to 628, the lowest since August 2010, oil services company
Baker Hughes Inc said in its closely followed report.

Jun 19, 2015

U.S. industrial natural gas usage falls unexpectedly

June 19 (Reuters) – U.S. manufacturers have not soaked up as
much excess shale gas in the first half of 2015 as expected, but
the shortfall may be an anomaly as a Gulf Coast manufacturing
boom is poised to insulate the sector from seasonal demand
fluctuations.

Average industrial demand for gas in 2015 was expected to
increase nearly 4 percent over 2014, according to federal energy
forecasts. But almost halfway through the year, it has eased
about 1 percent to 21.7 billion cubic feet per day from 22 bcfd
a year earlier, according to Thomson Reuters Analytics.

Jun 19, 2015

U.S. oil rigs decline, but up in Permian, Bakken -Baker Hughes

June 19 (Reuters) – U.S. oil drillers this week added one
rig each in the Permian and Bakken shale basins, data showed on
Friday, another sign that higher crude prices are coaxing
producers back to the well pad after a six-month slump in
activity.

Overall, drillers reduced the number of rigs by four this
week, oil services company Baker Hughes Inc said in its
closely followed report.

Jun 19, 2015

U.S. oil drillers add rigs in Permian and Bakken -Baker Hughes

June 19 (Reuters) – Oil drillers added rigs in the Permian
and Bakken shale basins this week, data showed on Friday,
another sign that higher crude prices are coaxing producers back
to the well pad after a six-month slump in activity.

Overall, however, U.S. drillers reduced the number of active
rigs by four this week, oil services company Baker Hughes Inc
said in its closely followed report.

Jun 12, 2015

U.S. oil drillers pull seven rigs, biggest drop since late May: Baker Hughes

By Scott DiSavino

(Reuters) – The market has been waiting for the slowdown in the rig count to stop as crude prices have rebounded over the past few months, but this week’s slowdown showed oil drillers were not yet done cutting the number of rigs.

Energy firms pulled another seven rigs from U.S. oil fields this week, the most since late May, oil services company Baker Hughes Inc said on Friday in its closely followed report.

Jun 12, 2015

U.S. oil drillers pull 7 rigs, biggest drop since late May -Baker Hughes

June 12 (Reuters) – The market has been waiting for the
slowdown in the rig count to stop as crude prices have rebounded
over the past few months, but this week’s slowdown showed oil
drillers were not yet done cutting the number of rigs.

Energy firms pulled another seven rigs from U.S. oil fields
this week, the most since late May, oil services company Baker
Hughes Inc said on Friday in its closely followed
report.

May 29, 2015

Illinois asks FERC to investigate Dynegy after power price spike

May 29 (Reuters) – Illinois has asked the federal energy
regulator to investigate whether Dynegy Inc manipulated
a power auction and to block $113 million in expected
overcharges from that auction for the coming year, the regulator
said on Friday.

The Federal Energy Regulatory Commission posted a complaint
on its website from Illinois Attorney General Lisa Madigan. The
complaint sought to block the results of the auction and change
the rules of future auctions by the regional power grid operator
so rates can be set more fairly.

May 29, 2015

U.S. oil drillers pull 13 rigs, biggest drop in 4 weeks -Baker Hughes

May 29 (Reuters) – Energy firms pulled another 13 rigs from
U.S. oil fields this week, the biggest drop in four weeks, data
showed on Friday, showing that a near six-month slump in
activity had yet to run its course despite a rebound in crude
oil prices.

That was the 25th straight weekly decline, bringing the
total rig count down to 646, the lowest since August 2010, oil
services company Baker Hughes Inc said in its closely
followed report.

    • About Scott

      "I cover the North American power and natural gas markets from New York since 2000. Before that I worked on the Equities desk covering energy, mining and heavy industry companies."
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