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The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.
Completions Consultant plays a crucial role in the oil and gas industry, specifically in the final stages of well construction and preparation for production. Supervision and Coordination: During the completion operations, Completions Consultants supervise and coordinate the activities of the drilling and production teams.
1 McKinsey analysis based on expert interviews. 2 McKinsey analysis based on expert interviews. McKinsey recently assisted a leading southern European DSO to increase its on-time, on-budget investment delivery through such a capex console. Italgas has already updated its operating model and digitalized its entire gas system.
June 30, 2025 The U.S. oil and gas drilling sector continues its downward trend as the Baker Hughes rig count fell for the ninth consecutive week , marking the longest streak of declines since mid-2020. For the week ending June 28, 2025, the total active rig count dropped by 7 to 547 — a 6% decline year-over-year.
July 14, 2025 U.S. drilling activity continues its downward slide, hitting its lowest level in nearly four years as operators scale back amid persistent market uncertainty.
June 23, 2025 U.S. drilling activity continued its downward trend this week, with the total rig count falling by one to 554, according to the latest Baker Hughes report. Oklahoma saw a notable drop, losing two rigs to end the week at 47—despite being up from 35 rigs one year ago. Here is a summary of the U.S.
Read More Flowback Consultants and Well Testers Contact List – CA It's important to note that while there are similarities, these roles have distinct focuses and areas of expertise. Flowback Consultants. They typically work as.
Read More Flowback Consultants and Well Testers Contact List – CA It's important to note that while there are similarities, these roles have distinct focuses and areas of expertise. Flowback Consultants. They typically work as.
Consult your appliance manufacturers for service and maintenance guidelines. This is traditionally part of the closing process, and it can usually be done over the phone. Understand what natural gas appliances are in your home and get acquainted. Do you have a natural gas furnace? Or maybe a natural gas stove or clothes dryer?
June 2, 2025 The U.S. rig count continued its downward trend last week, dropping by 3 rigs to 563 the lowest level since November 2021. Oil rigs led the decline, while natural gas rigs posted a slight gain. Oklahoma and the Marcellus/Utica region saw notable shifts, with mixed results across other key producing states. Here is a summary of the U.S.
However, suppose you are a single mom (as 20% of women undergraduates are) and want a shorter training route, like a six-month credential to become a cloud computing specialist or a health care radiation technician. On one hand, its their job to sell college as the ticket to a family-sustaining career.
Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025. Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S. bpd in 2024 to 13.4M
This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Notably, the Permian BasinAmericas top oil-producing regionsaw a drop of three rigs, bringing its total to the lowest level since February 2022. Overall Rig Count : Total U.S.
While the uptick in rig activity is modest, it reflects a broader trend of measured growth as operators balance production goals with financial discipline. With the EIA projecting record U.S. With the EIA projecting record U.S.
Skip to main content Frontline of the future: Are you building your future workforce now? July 21, 2025 | Article Talent excellence presents a new industrial imperative in today’s production ecosystem, and leaders need a fundamental mindset shift to meet it. I contribute. I have a future here. percent between 1997 and 2002. percent growth.
While Oklahoma, New Mexico, and several other key states held steady in drilling activity, the national rig count dipped againdriven largely by a sharp decline in natural gas rigs. The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022.
March 10, 2025 The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. This marks the first reduction after five consecutive weeks of additions, signaling a potential stabilization in drilling activity.
March 24, 2025 The U.S. 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. Brent: Trading up by $0.09 per barrel at $72.09, which is a $1.75
Often you come across a dominating mindset of engineers, scientists, and technicians, who often have the mistaken view that they know innovation when actually they only have a terrific depth on a given subject, not the breadth or broader comprehension. A couple of weeks ago I was invited to the Siemens Innovation Day.
Layoffs and plant closings related to Hurricane Ida would likely qualify for the Natural Disaster Exception but employers that need to conduct a mass layoff or engage in a plant closing should consult counsel before engaging in a layoff or closing. However, employers should not force employees to work under dangerous conditions.
Still, major producers are standing firm. ExxonMobil reaffirmed its 2025 capital spending guidance of $27$29 billion. CEO Darren Woods stated the company would continue investing to maintain its leadership despite pressure from short-term investors.
Each repair, including shipping and technician labor, may require up to $1,000, and potential downtime could increase the expense. General-purpose robots, powered by increasingly capable embodied AI, are being tested in warehouses, factories, hospitals, and fields. Â Humanoid maintenance costs are also high.
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