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Tag Archives: Latigo Petroleum

Low prices threaten to curb rising rig count

Permian Basin producers added another three rigs in the week ending Friday, according to the widely-watched Baker Hughes rig count. But observers met the ongoing uptick in drilling activity with concern that it might be short-lived, after another dip in oil prices in July threatened to erase the gains of the previous months. The latest build in Permian rigs left ...

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Drilling permits stout despite oil price drop

worker drilling

Drilling permits statewide indeed dropped by about 50 percent from October to November, but a closer look at those figures, broken apart by region, offer less cause for sudden alarm realized earlier this week, according to an analysis of more detailed data provided on Wednesday by DrillingInfo, an industry data firm. October in the Permian Basin saw 1,192 drilling permits ...

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Halliburton to buy Baker Hughes

Halliburton

Halliburton will buy rival Baker Hughes for cash and stock worth $34.6 billion in a deal announced Monday that created uncertainty for the more than 2,200 employees of the two companies in the Odessa area and for the Permian Basin oilmen who rely on the service companies to frack their wells. Representatives of Halliburton and Baker Hughes said it is ...

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