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(Increase in the number of drilling devices in the Permian basin and Texas) by Scott Disavino
US energy companies have reduced the number of oil and natural gas drilling devices this week for the first time in three weeks, said BKR.O energy service company in its very followed report on Friday.
The number of oil and gas drilling devices, an early indicator of future production, decreased from three to 584 during the week of May 2. Rig-Usa-Bhi
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According to Baker Hughes, the drop in this week reduces the total number of drilling aircraft by 21, 3 % less than at the same time last year.
Baker Hughes said that the number of oil drilling devices decreased by four to 479 this week, while the number of gas drilling devices increased by two to 101.
In Permian, east of New Mexico and west of Texas, the largest shale oil production pool in the country, the forests have reduced the number of drilling aircraft by two, bringing the total to 287, the lowest since December 2021.
This decline in the Permian has also helped to lower the number of drilling devices in Texas, the largest producer of oil and gas in the country, from three to 271 drilling devices, the lowest since December 2021.
The number of drilling devices for oil and gas decreased by approximately 5 % in 2024 and 20 % in 2023, as the drop in oil prices CLC1 and NGC1 gas in the United States in the last two years has prompted companies in the energy sector to focus more on increased performance for shareholders and debt repayment than on the increase in production.
Brut prices have dropped by 20 % to reach COVVI -19 Pandemic Low levels during the first 100 days of the second term of US President Donald Trump, in a context of pricing, which raises the question of whether the producers will achieve their objectives in terms of dividends and share repurchase – an angular stone of the big oil companies to seduce investors – or If they will reduce their investment spending budgets.
Exxon Mobil Xom.N reiterated its expense forecasts between 27 and 29 billion dollars on Friday in 2025. The director general Darren Woods said that despite the pressure exerted by short -term investors to reduce spending and make shareholders more money, the first producer of American oil will continue to invest to maintain its position.
Chevron CVX.N also declared maintaining its dividend and action buyback strategy. The second producer of American oil increased its production in the first quarter in the Permian basin, the largest oil field in the United States, 12 % compared to the previous year.
