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The company is cutting back on drillrigs and frack crews as it nears its long-term target of 1 million barrels of oil equivalent per day, which it expects to sustain through 2040. We’re going from growth to cash generation,” said Bruce Niemeyer, president of Chevron’s shale business.
The total number of active drillingrigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that.
The total number of active drillingrigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 8-rig decrease in the week prior. The total rig count in the US fell by 2 to 537 rigs, according to Baker Hughes, down 47 from this same time last year.
The total number of active drillingrigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back activity amid weak prices and cautious capital spending.
The total number of active drillingrigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Thursday, following a 7-rig decrease in the week prior.
The total number of active drillingrigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a string of losses for US drillers. The total rig count in the US rose by 7 to 544 rigs, according to Baker Hughes, down 42 from this same time last year.
The total number of active drillingrigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease in each of the two weeks prior.
Counts of active oil and gas drillingrigs in U.S. As of July 3, there were 539 rigs in U.S. percent from 585 a year ago) and 265 rigs in Permian Basin (down 5 from 270 last week and down 40 or 13.1 Permian Basin drillingrig counts fall for tenth straight week appeared first on Permian Basin Oil and Gas Magazine.
The total number of active drillingrigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior. The total rig count in the US fell by 7 to 547 rigs, according to Baker Hughes, down 34 from this same time last year.
The total number of active drillingrigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that.
Drillingrigs in the U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
Offshore drilling contractor Shelf Drilling has secured a three-year contract for the J.T. Angel jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High…
operators to report an increase in active drillingrigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil reported 39 working rigs as of July 4 (weekly average of 36.9 for an increase of 1 rig from 35.9 ExxonMobil is the only one of the top seven U.S. and Permian Basin. In the U.S.,
Location: British Columbia & Alberta | Precision Drilling Partnership The Montney formation — long known for its stacked resource potential — is now becoming equally famous for technological innovation. At the forefront is PD 868 , North America’s first land-based drillingrig equipped with modular robotics to automate pipe handling.
Offshore drilling contractor Borr Drilling has singed new contract commitments for four of its premium jack-up rigs, which are set for deployment in the Middle East…
The dataset includes; Account Name, Location Information, Drilling Operation Data and DrillingRig Info… Purchase Now Permian Basin Wells Drilled Market Intelligence is a curated dataset of oil & gas wells drilled in the Permian last 12 months.
The Iraqi Drilling Company (IDC) has deployed a second drillingrig, IDC-56, as part of the ongoing project to drill 35 oil wells at the Zubair oilfield. IDC had previously commenced operations at Zubair using rig IDC-51. By John Lee.
“But it’s the application of horizontal drilling to the Central Basin platform’s oily stacked pay that’s unlocked new growth for Blackbeard.” Blackbeard has drilled more than 225 horizontal wells since 2021Q2. Blackbeard plans to operate four drillingrigs this summer.
Given the sector’s complexity and geographical spread—from remote drillingrigs to refineries and distribution terminals—logistics is a key driver of efficiency and profitability.
Saudi drilling contractor Arabian Drilling has secured contract extensions for five of its jack-up drillingrigs, with a combined value of over $365 million.Arabian…
Offshore drilling contractor Borr Drilling has singed new contract commitments for four of its premium jack-up rigs, which are set for deployment in the Middle East…
Oil and gas operators in nearby Permian Basin, a source of light pollution, also have adopted dark sky friendly lighting at drillingrigs and gas plants in west Texas. NPR said 75,000 people visit the observatory each year.
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for two wildcat wells in the North Sea, to be conducted with COSL’s COSLInnovator semi-submersible drillingrig…
Seatrium has a strong track record of delivering vital projects for Brazil and Petrobras, including FPSOs, floating production units, Floating Storage Regasification Units, drillingrigs, and accommodation vessels, all pivotal to Brazil’s robust energy infrastructure.
Malaysia’s oil and gas services Velesto has secured a drilling contract for its NAGA 5 jack-up drillingrig by PTTEP HK Offshore and PTTEP Sarawak Oil, collectively referred as PTTEP…
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016.
shale oil production, is experiencing a significant pullback in drilling activity. According to our analysis, 24 drillingrigs that were active in the Midland region during 2024 have not returned to drill in 2025 — a clear signal that the slowdown is real and gaining momentum. West Texas, the heart of U.S.
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This plan represents a continued, albeit measured, program – likely equating to about 1–2 drillingrigs running. Indeed, industry data indicates Ovintiv added an extra rig in Oklahoma early 2025 as gas prices improved.) Correspondingly, Ovintiv has budgeted roughly $300–$325 million of capital to Oklahoma (Anadarko) in 2025.
reported additional drillingrigs as of July 18 for the first time in 12 weeks. Last week the count of oil rigs fell by 2 while gas rigs rose by 9.) The 11-week decline dropped the count from 587 as of April 25 to 537 as of July 11 before growing by 7 to 544 in Baker Hughes’ latest report. Still the count is down 7.2
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.
The company also confirmed its plan to operate eight drillingrigs by August, down from nine earlier in the year, while still planning to deliver record yearly lateral footage. Efficiency gains through simul-frac techniques and supply chain optimization continue to lower drilling times and boost output.
As of mid-year 2025, CNX has drilled 11 wells across Washington and Westmoreland Counties, Pennsylvania , using Precision DrillingRig 575 exclusively. CNX turned-in-line eight wells (five Marcellus, three Utica), driving quarterly production that supported a reduction in fully burdened cash costs to $1.05
Offshore drilling contractor Northern Ocean has signed a contract with a subsidiary of Rhino Resources for the DeepSea Mira semi-submersible drillingrig, which…
Rig Optimization: Despite fewer rigs (reduced from five to four), accelerated drilling speed and improved completion efficiency are keeping production targets intact. Routine Flaring Elimination: New pads are flare-free, and older sites have been retrofitted to route low-pressure gas to centralized processing.
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.
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The count of active drillingrigs in Permian Basin ended 10 weeks of decline, but the U.S. Baker Hughes said as of July 11 there were 265 rigs in Permian Basin (unchanged in the past week, down 40 rigs or 13 percent from 305 a year ago) and 537 rigs in U.S. count fell for the 11th consecutive week.
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Count of active drillingrigs in U.S. There were 559 rigs in U.S. rig count from 587. It’s the lowest rig count since November 2021. declined for the sixth straight week as of June 6, according to the latest weekly report from Baker Hughes. down 4 from 563 week ago and down 35 or 5.9 percent from 594 year ago.
Though she originally pursued music at the University of Alabama, her career path shifted after visiting a drillingrig—an experience that sparked a passion for engineering and led her into the oilfield. Hollub’s career with Occidental began after a brief stint at City Services, which was later acquired by Oxy.
Malaysia’s oil and gas services Velesto has secured a drilling contract for its NAGA 5 jack-up drillingrig by PTTEP HK Offshore and PTTEP Sarawak Oil, collectively referred as PTTEP…
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Purchase Complete Directory – Only $10.00 This is a $30 market intel bundle you receive at no extra cost.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Purchase Complete Directory – Only $10.00 This is a $30 market intel bundle you receive at no extra cost.
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