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Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Personnel Transport : Helicopters, crew boats, and ground transport.
At the forefront is PD 868 , North America’s first land-based drillingrig equipped with modular robotics to automate pipe handling. Robotic rigs like PD 868 not only reduce exposure and improve consistency — they set a new benchmark for efficiency, ESG performance, and digital transformation in shale drilling.
The new drillingrigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.
(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. USEDC plans to run a dedicated drillingrig on the acquired acreage, making this acquisition a key component of USEDCs 2025 plan to invest up to $1 billion in U.S.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.
The Iraqi Drilling Company (IDC) has announced the successful drilling of 13 new oil wells and the rehabilitation of 53 others across various oilfields, covering the period from January to 21st April 2025. The work was conducted in coordination with national extraction companies and international oil firms operating in Iraq.
Pad Development Unlocks Scale The pivot to 6–8 well pads has dramatically cut costs and improved completions. Service Synergy from Midland/Delaware Despite not operating in those basins, Blackbeard benefits from proximity to their oilfield supply hubs.
Canada-based oil and gas company Valeura Energy has completed an eight-well drilling campaign in license B5/27 in Gulf of Thailand with Borr Drillings Mist jack-up drillingrig
A statement issued by Shana News Agency announced completing the drilling operations of an oil well in the Bibi Hakimeh field at the beginning of the year 1404 (March 21). The operations started last year and completed in 58 days using the Fath 86 drillingrig.
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. The Eagle Ford—where much of the gas is associated with oil production—is particularly sensitive to these variables.
The Canada Oil Companies Directory is a compiled directory of oil & gas companies operating in Western Canada, one of the most prolific oil and gas-producing regions in the world. Purchase Complete Directory – Only $10.00 Purchase Complete Directory – Only $10.00 last}@company.com).
TheGrande Prairie Oil & Gas Operator Directory is a list of Oil & Gas operations in the Grande Prairie region home to some of Canadas top oil and gas companies in Western Canada, one of the most prolific oil and gas-producing regions in the world. Purchase Complete Directory – Only $10.00
Canada-based oil and gas company Valeura Energy has completed an eight-well drilling campaign in license B5/27 in Gulf of Thailand with Borr Drillings Mist jack-up drillingrig
The Texas Oil Company Directory is a compiled directory of oil & gas companies operating in TX, one of the most prolific oil and gas-producing regions in the world. Purchase Complete Directory Only $10.00 Purchase Complete Directory Only $10.00 OGL URL Possibly a URL to an Oil & Gas Leads profile.
The United States Oil Companies Directory is a compiled directory of oil & gas companies operating in the entire US, one of the most prolific oil and gas-producing regions in the world. Purchase Complete Directory – Only $10.00 Purchase Complete Directory – Only $10.00 last}@company.com).
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-DrillingRig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
We have following types of mud losses while well drilling on drillingrig. This drilling fluid loss with cutting or solid being exit from solid control equipment is called surface mud or drilling fluid loss. We can minimize surface loss of mud on oil and gas well drilling by following steps.
(Oil & Gas 360) Q1/25 capital program realized well outperformance averaging 20% above internal type curves (2) , driving estimated average volumes over 41,600 boe/d (1) Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below par Continued share buybacks with ~3.4
Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. billion (up from $1.2
Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Civitas plans to run five drillingrigs and two completion crews in Permian Basin. The post Civitas expands Permian position with new assets in Howard, Glasscock, Upton appeared first on Permian Basin Oil and Gas Magazine.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. Tourmaline) for $291.5
Lets break down what Devon said and did across drilling , efficiency , and regional execution. With 2025 production guidance raised and capital cut, the company is executing from a position of strengthone well and one rig at a time. per Boe, total production cost at $12.42 per Boe, total production cost at $12.42
The company announced it would drop three drillingrigs and one completion crew in Q2 2025 , along with a $400 million reduction in full-year capital spending. In a volatile market, the drill bit slowsand spreadsheets take the wheel. That shift wasnt just wordsit came with action.
. “The first quarter unfolded largely as we anticipated, with steady drilling activity and a strong sequential rebound in completion demand,” said Andy Hendricks , CEO. Rig Count: Holding Steady in the U.S. The company operated an average of 106 drillingrigs in the U.S. energy sector.
DIC Oil Tools is a Brand by a Dedicated Impex Company. We provide the complete range of OCTG and other oil requirements with the highest quality standards in the industry. OCTG, Oil Country Tubular Goods , are essential parts of the oil and gas industry. DIC is an Exporters of OCTG Pipes Worldwide.
Diamondback Energy’s Q1 2025 report signaled a clear shift in drilling strategy as the company responded to oil price volatility with calculated reductions in capital spending and activity levels. The company remains agile, ready to ramp up or pull back based on pricing signals while continuing to return capital to shareholders.
The award, which is the highest honor conferred by the PBPA each year, is given to acknowledge the tremendous contributions individuals have given to the oil and gas industry and the communities of the Permian Basin. Summit runs two-to-three drillingrigs and has a capital budget of about $250 million.
1) The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drillingrigs, indicated the backlog of such wells is declining. The post DUC Hunt: What the 2025 Drawdown Means appeared first on Permian Basin Oil and Gas Magazine. Key takeaways of the report include the following. (1)
The reduced pace reflects Coterra’s strategic choice to scale back Permian activity in response to softer oil prices. “As our industry faces macroeconomic uncertainty and oil price headwinds, we believe it is prudent to reduce oil-directed activity at this time.” to $2.3B (down from $2.1B
oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025. The report shows a modest rise of one active rig, bringing the total count to 593. Despite the gradual decline in rig counts over the past two years, the U.S. bcfd in 2024.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?
oil patch are recalibrating operations and capital plans while reaffirming confidence in their long-cycle strategies built on cost discipline and optionality. $60 Buybacks Over Dividends in a Tightening Supply World With oil prices under pressure and cash flow management critical, operators are prioritizing buybacks over growing dividends.
Rig churn placed pressure on utilization and operating expenses, stated CEO Anthony Petrello during the earnings call. Operating inefficiencies from elevated rig churn primarily led to the decline in daily margins. Land Drilling Squeeze: Insights from Nabors Q1 2025 Earnings appeared first on Oil Gas Leads.
QA/QC Drilling at Selebi Mine Project was completed by Mitchell Drilling of Botswana utilizing a Sandvik UDR1500 and a Boart Longyear LF-160 diamond drillrig. Drill core samples (47.75mm NQ) are cut in half by a diamond saw on site. Drill core samples (HQ: 63.5 Samples are generally 1.0
Drillingrig consists of following systems. Hoisting system Rotary system Circulation System Power system BOP system Monitoring system DrillingRig Hoisting System It enable drillingrig to raise and lower working string into and out of well bore. Rotary system components are TDS or kelly and drill string.
14] The Second Circuit’s decision in regard to this issue does not represent a departure from the viewpoint that most in the oil and gas industry have towards notarial acts of correction. Here, it is clear from the language of the statute that a notarial affidavit of correction may correct only a “clerical error.” However, art.
There is a new sheriff in the White House, and with his administration embracing the oil and gas industry, excitement and relief has permeated throughout. Enverus is an information technology company that provides analytics, insights, and technology to the oil and gas industry.
That, in turn, could further hit Liberty and other oilfield service providers earnings by forcing their oil-producing customers to slow drilling activity. Gusek said he does not currently expect a slowdown in activity, noting that the guidance from Libertys customers indicates a 2-3% hike in well completion costs.
Lea and Eddy rank second and third in the Permian as well as in the entire United States in oil production. Its Permian counties account for 95 percent of New Mexicos total production, with the rest coming from the San Juan Basin on the complete opposite side of the state. On an absolute basis, annual oil production increased 0.9
(World Oil) – The U.S. Trump has said American oil producers would “drill, baby, drill” and declared an energy emergency early in his second term in a bid to boost production. But several shale companies have warned that weak oil prices would take a toll on output, with drillers including Diamondback Energy Inc.
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