This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. active drillingrig count fell by 1 to 554, marking a continued decline and sitting 34 rigs below the count from the same time last year.
Whether you’re entering the industry or simply interested, this guide covers the fundamentals of drill pipe, its purpose, function, and significance. What is a Drill Pipe? A drill pipe is a sturdy, hollow steel tube designed for use in oil and gas well drilling.
One of the most critical components in a drillingrigs safety system is the blowout preventer (BOP). This device controls pressure and prevents dangerous blowouts during drilling operations.
In this blog post, we will discuss the future that awaits the industry and how it can benefit the world. The advent of intelligent drillingrigs, real-time monitoring, and predictive analytics has revolutionized production processes across the different facets of the industry.
On June 13, 2017, MRC sent force majeure letters to the lessors claiming that it experienced a delay in the well’s drilling around April 21, 2017. The Blog/Web Site should not be used as a substitute for legal advice from a licensed professional attorney in your state regarding a particular matter.
From Drill Bits to Drones: Innovations in Texas Oil and Gas Production Introduction: As the energy demand continues to grow, so does the need for more efficient and sustainable oil and gas production methods.
These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production. Tangible Drilling Costs include various tangible, physical components and services necessary for drilling a well.
Accurate Daily Drilling Reports (DDR) are essential for optimizing drilling operations, tracking costs, and ensuring project efficiency. In this blog, well explore the most common pitfalls in DDR reporting and how companies can improve their data collection and cost tracking.
Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. Its employees work at its shop and yard and occasionally on jacked-up drillingrigs, often docked to inland piers. Gilbert Sanchez, a welder-fitter employed by SmartFab, never went to sea on vessels.
Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. Its employees work at its shop and yard and occasionally on jacked-up drillingrigs, often docked to inland piers. Gilbert Sanchez, a welder-fitter employed by SmartFab, never went to sea on vessels.
Easy Installation and Removal : Oilfield thread protectors are designed for easy installation and removal, often featuring ergonomic designs or handles to facilitate handling in challenging environments such as drillingrigs or offshore platforms.
By using this blog site you understand and acknowledge that there is no attorney client relationship formed between you and Liskow & Lewis and/or the individual Liskow & Lewis lawyers posting to this site by virtue of your using this site. CBP will accept comments on these proposed changes until November 22, 2019.
In this blog, well break down what IDCs are, provide real-world examples, explore their tax treatment, and discuss how excess IDCs could affect your tax strategy. Intangible Drilling Costs (IDC) are a critical element of the financial landscape in the oil and gas industry.
Safety, efficiency, and reliability are paramount in successful drillingrig operations. This blog post highlights the crucial significance of utilizing high-quality dies and inserts in the oil and gas industry. Investing in top-notch dies and inserts not only prevents accidents but also leads to long-term cost savings.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content