article thumbnail

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.

article thumbnail

Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.

Operator 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Valor | Energy Connection – June 23, 2025

Valor

Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. active drilling rig count fell by 1 to 554, marking a continued decline and sitting 34 rigs below the count from the same time last year.

Energy 52
article thumbnail

The Future of Texas Oil and Gas

Texron Operating

The advent of intelligent drilling rigs, real-time monitoring, and predictive analytics has revolutionized production processes across the different facets of the industry. Amidst soaring global energy demands, the oil and gas industry is constantly reinventing itself, seeking more efficient, eco-friendly production methods.

Gas 52
article thumbnail

Cactus Drilling: A Year-to-Date Look at U.S. Drilling Activity

Oil Gas Leads

As of this year, a total of 120 wells have been drilled by Cactus rigs, demonstrating strong industry demand and continued investment in drilling operations. Below, we break down the latest data, highlighting top trends in drilling activity by province, operator, county, and rig utilization.

Basin 52
article thumbnail

The Crucial Role of Plastic Thread Protectors in Ensuring Project Success

DIC Oil Tools

Premium connections, unlike regular ones, utilize precisely engineered threads and meticulously constructed seals within tight tolerances. Pipes utilized in the Oil industry must be safeguarded during transport to prevent damage. Additionally, these threaded ends are frequently exposed to corrosive environments while in storage.

article thumbnail

Rig Churn and the U.S. Land Drilling Squeeze: Insights from Nabors Q1 2025 Earnings

Oil Gas Leads

Rig Churn: The Quiet Margin Killer Nabors was candid about what weighed down U.S. results: elevated rig churn. Rig churn placed pressure on utilization and operating expenses, stated CEO Anthony Petrello during the earnings call. Thats a drop of $664 per day per rig, which becomes material across a large fleet.