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Offshore drilling contractor Shelf Drilling has secured a three-year contract for the J.T. Angel jack-up rig with Oil and NaturalGas Corporation (ONGC) for operations in the Mumbai High…
In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of naturalgas. On the gas side, Fortín de Piedra (Tecpetrol) led with 19.1 That month also saw 42 active drillingrigs, with 83% targeting shale formations.
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. Regulatory Compliance DOT, PHMSA, and international shipping regulations (IMO, IATA).
naturalgas sector. As of mid-year 2025, CNX has drilled 11 wells across Washington and Westmoreland Counties, Pennsylvania , using Precision DrillingRig 575 exclusively. With NYMEX gas at $3.59/MMBtu, per Mcfe, down from $1.11
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.) MBOE/d (24% oil, 52% naturalgas, 24% NGL), generating $241 million in revenue for the quarter.
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.
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.
Offshore drilling contractor Shelf Drilling has secured a three-year contract for the J.T. Angel jack-up rig with Oil and NaturalGas Corporation (ONGC) for operations in the Mumbai High…
Brent Crude $69.46 -0.09% NaturalGas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.
The report underscores a clear pivot: naturalgas 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. Even though 2025 gas production is still expected to increase modestly , momentum is expected to reverse in 2026. “We
0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Aramco Says Saudi Oil Rig Decline Due to Completion of Projects by Bloomberg | Verity Ratcliffe | Tuesday, August 05, 2025 | 9:00 AM EST The number of active rigs targeting oil in the kingdom dropped to its lowest in more than two decades in July, according to Baker Hughes data.
0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Ends Rig Addition Streak by Andreas Exarheas | Rigzone Staff | Tuesday, August 05, 2025 | 5:48 AM EST North America dropped seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
The decline in drillingrigs coincides with record-low naturalgas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.
This phase involves the use of a floating processing unit in the offshore well area, located 220 km from the shore, to separate naturalgas and condensates. Furthermore, initial estimates indicate it will add approximately one trillion cubic feet (Tcf) of naturalgas to the field’s reserves.
The initial results of the Fayoum 5 exploration well located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in the coming days.
Patterson-UTI Energy (NASDAQ: PTEN) kicked off 2025 with a steady operational performance, a strategic focus on naturalgas, and an unwavering commitment to drilling innovation. Rig Count: Holding Steady in the U.S. The company operated an average of 106 drillingrigs in the U.S. billion in Q1 2024.
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. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
The term Oil and naturalgas sales, net of blending is calculated by deducting purchased product and blending costs from oil and naturalgas sales and sales of purchased product. McDaniel & Associates Consultants Ltd., Boe may be misleading, particularly if used in isolation.
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? Upstream involves locating, surveying, drilling, and extracting crude oil and naturalgas from underground reservoirs.
Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and naturalgas. 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.
” Tom Jorden, CEO Drilling, Rigs & Completions Permian activity will be lowered from 10 rigs to 7 in the second half of 2025 (30% drop). Two Marcellus rigs were added in April, focused on naturalgas. Capital investment in the Permian will be cut by $150 million.
oil and naturalgasrig 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. Naturalgas output is forecasted to reach 105.2 oil and gas industry.
Over and above the hedges in place at year end 2024, the Company secured collars on 5,000 bbl/d of oil through the balance of 2025 at a floor price of C$100/bbl and a ceiling of C$110/bbl, along with additional naturalgas hedges for 2025, 2026 and into Q1 2027, at prices ranging from $2.00/GJ GJ to $3.35/GJ.
These tubular products are built to withstand cruel conditions in the oil and gas industry. OCTG Pipes are a family of seamless rolled products, including tubing, casing, and drill pipe, used in the drilling and production of oil and naturalgas. What are OCTG Pipes?
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.
(World Oil) – Drillers in Canadas energy heartland of Alberta are shifting their focus to naturalgas as the global trade war and an OPEC+ plan to increase output hammer crude prices. By contrast, naturalgas in Canada has risen to around C$2 per gigajoule from about C$1.50 as well, where Precision Drilling Corp.
With the call for energy dominance and a push for greater exports of liquefied naturalgas (LNG), the timing is paramount to close an electricity gap that has only been growing over the last decade. So, there have been a lot of investments in, you know, naturalgas.
The San Juan is mainly known for its naturalgas output, accounting for 67 percent of the states production of that hydrocarbon. 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.
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