H&P Rig Utilization Trends – North America Solutions (NAS)

Helmerich & Payne, Inc. (H&P) has long been recognized as a leader in high-performance drilling solutions. As the company reports its Q1 FY25 earnings, its North America Solutions (NAS) segment continues to maintain strong rig utilization despite market fluctuations. However, shifting demand trends and economic uncertainties have led to minor adjustments in rig activity.

read more

Coterra Energy Leads the Way with Fully Automated Hydraulic Fracturing

The oil and gas industry is witnessing a significant leap in hydraulic fracturing technology, and Coterra Energy is at the forefront of this transformation. In collaboration with Halliburton Energy Services, Coterra has introduced the Octiv Auto Frac service—an autonomous fracturing technology designed to streamline completion operations and enhance efficiency.

read more

Patterson-UTI Energy’s U.S. Market Outlook: Stability in Drilling, Growth in Natural Gas-Powered Completions

Patterson-UTI Energy (NASDAQ: PTEN) recently released its Q4 2024 earnings, providing valuable insights into the state of the U.S. oil and gas industry. Despite reporting a net loss for the quarter, the company remains bullish on long-term natural gas demand, drilling efficiency improvements, and expanding natural gas-powered frac fleets.

read more

The “NGL Wellhead-to-Water Club”: The Elite Players in Natural Gas Liquids

The midstream sector of the energy industry is home to an exclusive group of companies that dominate the transportation, processing, and export of natural gas liquids (NGLs). Dubbed the “NGL Wellhead-to-Water Club,” these companies control the entire value chain, from extraction at the wellhead to delivery at export terminals. This level of integration allows them to operate more efficiently, capture value at multiple points, and meet the increasing global demand for NGLs.

read more

Steady U.S. Rig Activity: Helmerich & Payne (H&P) Navigates a Cautious Market

Helmerich & Payne, Inc. (NYSE: HP), a leading drilling contractor, reported its first-quarter fiscal 2025 results, shedding light on steady U.S. rig activity despite broader industry uncertainties. While the company’s net income and revenue declined slightly from the previous quarter, its North America Solutions (NAS) segment remained resilient, showcasing consistent performance and efficiency gains.

read more

The Role of a Drilling Consultant in Modern Oil & Gas Operations

In the ever-evolving oil and gas industry, the role of a Drilling Consultant is more critical than ever. As drilling operations become increasingly complex, companies rely on experienced professionals to oversee projects, ensure safety, and optimize performance. Drilling Consultants bring years of field expertise, problem-solving skills, and leadership to the job, making them an indispensable part of any successful drilling program.

read more