Why Are Oil And Gas Production Rising When Rig Counts Are Falling?

Dec 12, 2023 View Original Article
  • Bias Rating

    8% Center

  • Reliability

    30% ReliableFair

  • Policy Leaning

    8% Center

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

-1% Negative

  •   Liberal
  •   Conservative
SentenceSentimentBias
"In addition, there are continuous technology improvements that have enabled a higher recovery of oil and gas per well."
Positive
18% Conservative
"Today, there are 620, but oil production is 50"
Positive
12% Conservative
"In 2014 there were 1,600 rigs drilling for oil."
Positive
4% Conservative
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Bias Meter

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Liberal

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Center

Somewhat Conservative

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Conservative

-100%
Liberal

100%
Conservative

Bias Meter

Contributing sentiments towards policy:

59% : In addition, there are continuous technology improvements that have enabled a higher recovery of oil and gas per well.
56% : Today, there are 620, but oil production is 50% higher than it was in 2014.
52% : In 2014 there were 1,600 rigs drilling for oil.
49% : Keep in mind that the rig count is a measure of rigs that are currently drilling for oil and gas.
46% : It's a similar story for oil.
45% : According to data from Baker Hughes, the number of rigs drilling for oil and gas has fallen by about 20% in the past year.
39% : That reflects about 800 wells that started producing oil and gas, but that would not have been impacted by the falling rig count.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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