In this week's news, the rig count goes up again for the second straight week and AEREON announces purchase of assets from Abutec
The number of rigs seeking oil and natural gas rose by six to 414 last week, according to oilfield services company Baker Hughes on June 10. It’s the second straight week the rig count has gone up.
Rigs searching for oil went up by three to 328, while natural gas rigs were also up three to 85. One rig was listed as miscellaneous. Last year 859 rigs were active.
Pennsylvania lost one rig last week, according to the Houston-based company. North Dakota and Texas each gained two rigs, while Utah, Oklahoma, Ohio and Alaska each went up one rig.
Arkansas, California, Colorado, Kansas, Louisiana, New Mexico, West Virginia and Wyoming stayed even.
AEREON Acquires Abutec
AEREON announced June 13 the acquisition of select assets of Abutec including the Abutec brand, burner technology and QuadO Certified Enclosed Combustors used extensively across the U.S. shale basins.
Abutec will be fully integrated into AEREON’s global business infrastructure, and former Abutec customers retain the ability to immediately place orders and receive service for the Abutec products directly with AEREON, based in Austin, Texas.
“We are very excited about adding another high-quality brand and technology to the AEREON family,” says Michael Hainsworth, president and CEO of AEREON, in a press release from the company.