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GPC Operates Modern Drilling Rigs in Eastern Desert, To Drill 75 Oil Wells in One Year

Egypt Oil & Gas

The new drilling rigs 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.

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Devon Energy Q1 2025 Drilling Review: Rig Count, Efficiency, and Regional Shifts

Oil Gas Leads

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.

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

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.