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Horizon Energy Digest
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North America Breaks Rig Gain Streak
North America’s total rig count remained unchanged week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on October 3. The total U.S. rig count and the total Canada rig count didn’t budge week on week, which meant the total North America rig count remained at 739 during the same period, comprising 549 rigs from the U.S. and 190 rigs from Canada, the count outlined.
Texas leads U.S. in energy use, doubling California in 2023
Texas led the nation in energy consumption in 2023, according to the U.S. Energy Information Administration. The EIA reported Texas’ total energy consumption was twice as much as California’s, the second-highest energy-consuming state, and more than three times as much as third-place Florida.
Curious Minds Corner
What is the name of a well drilled without previous nearby oil or gas production?
A “wildcat” well.