Aresco

FEBRUARY 5, 2024

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and natural gas. 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.

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Drilling rig Exploration and Production Drilling Mud Oil 52

DIC Oil Tools

JANUARY 2, 2024

DIC all products are tested numerous times under technical guidance and are made from Premium quality material. When it comes to the production, exploration, and transportation of oil and gas resources, OCTG are an absolute necessity. These tubular products are built to withstand cruel conditions in the oil and gas industry.

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Gas Exploration and Production Oil Casing 52

Oil & Gas 360º

APRIL 23, 2025

Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.

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Gas Oil Exploration and Production BBL 100

Oil Gas Leads

MARCH 15, 2025

The top provinces by record count are: Texas – 64 wells Oklahoma – 26 wells New Mexico – 15 wells Louisiana – 15 wells This data reflects where operators are focusing their drilling efforts and where Cactus Drilling has seen the highest demand.

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Basin Utilities Exploration and Production Operator 52

Rextag

JUNE 2, 2025

Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. million b/d of production before reaching a plateau of 7.7 million b/d. tight oil plays.

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Basin Exploration and Production Condensate Oil 40

Aresco

NOVEMBER 30, 2023

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. What are intangible drilling costs?

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Exploration and Production Consulting Professional Services Oil 52

Oil and Gas Investments

JUNE 11, 2025

But Giustra brought in a new operating team, and led the initial finance rounds into West Red Lake Gold Mines (WRLG-TSX) —and now, VOILA—they just announced commercial production. Having all these past benefits ready to go saves time and money in getting to production: 1. But don’t kid yourself, this is exploration—it’s risky.

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Exploration and Production Completion Consulting Operator 52

Aresco

AUGUST 13, 2024

government offers a variety of tax incentives aimed at encouraging domestic energy production. These include deductions for Intangible Drilling Costs (IDCs) and Tangible Drilling Costs (TDCs). A sharp decline in oil prices can reduce the profitability of drilling projects, leading to lower returns or even losses for investors.

Gas 52

Gas Oil Exploration and Production Drilling rig 52

Oil Gas Leads

MARCH 11, 2025

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.

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Gas Oil Basin Operator 52

Oil & Gas 360º

MAY 13, 2025

Petrobras is sticking with its plans to expand oil production, along with other international oil majors including Exxon Mobil Corp., up from the year ago period, thanks to higher oil production and a more favorable exchange rate, the company said. Chevron Corp. billion reais, slightly below the 62.2 billion reais, 48.6%

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Oil Exploration and Production Drilling rig Offshore 130

Oil & Gas 360º

APRIL 29, 2025

In recent weeks, OPEC and its allies added to the headwinds by surprising the market with plans to revive curtailed production earlier and faster than expected. Oil sands production is growing after the start of the expanded Trans Mountain pipeline last year. as well, where Precision Drilling Corp.

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Natural Gas Gas Oil Condensate 130

Oil & Gas 360º

MARCH 28, 2025

One executive quoted in the Dallas Fed survey said the Trump administrations tariffs had raised costs for casing and tubing by 25% immediately, warning the knock-on effects will force producers to drop drilling rigs and decrease employment.

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E&P Drilling rig Casing Completion 130

Oil & Gas 360º

JUNE 11, 2025

sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. The production forecast for next year represents a drop of 120,000 bpd from the agency’s previous projections in May. saying production has already peaked. saying production has already peaked. (World Oil) – The U.S.

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Oil Exploration and Production Drilling rig Barrel 130