ccording to the latest Baker Hughes report, the total number of active oil and gas rigs rose by two to 587, although overall rig activity remains below last year’s levels.
U.S. Rig Count Rises for Second Consecutive Week – Baker Hughes
ExxonMobil Hits 1,000 Wells in the Delaware Basin
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin — just seven years after the first spud in 2017.
Navigating Headwinds: Lower Drilling Revenue, North American Outlook, and Tariff Pressures on SLB
In North America, SLB reported $1.72 billion in revenue for the first quarter of 2025, an 8% year-over-year increase driven by strong digital sales, subsea production system sales, and booming data center infrastructure demand. However, this growth masked weakness in traditional drilling markets.
Phillips 66 Expands Midstream Footprint with New Permian Basin Gas Processing Investments
Phillips 66 Co. is charging ahead with its strategy to enhance midstream performance and integrated growth, announcing major new developments during its Q1 2025 earnings call on April 25.
Precision Drilling Q1 2025: Strong Execution, Disciplined Spending, and LNG-Driven Optimism
Despite persistent market volatility and a softening U.S. drilling landscape, Precision Drilling Corporation (TSX:PD; NYSE:PDS) entered 2025 with steady financial performance, operational strength in Canada, and a continued focus on shareholder returns.
Matador Resources Co. Trims Drilling Plans Amid Lower Prices — But Q1 2025 Still Posts Strong Results
While the reduction trims full-year production guidance to 200,000 boe/d, down from 205,000 boe/d, the company emphasized flexibility—leaving the door open to reactivating the ninth rig later in the year if market conditions improve.
2024 Canadian Oil & Gas Production Snapshot
The 2024 production figures reveal a clear trend: Canadian operators continue to deliver strong results despite global market volatility and evolving regulatory landscapes. Companies like CNRL, Ovintiv, and Tourmaline are setting the pace, while a wave of mid-sized and emerging producers are gaining momentum with year-over-year growth.
Patterson-UTI Energy Q1 2025: Steady Rigs, Tech-Driven Efficiency, and a Natural Gas-Powered Future
In Q1 2025, Patterson-UTI posted $1.3 billion in revenue, a sequential increase from Q4 2024 but a decline from $1.51 billion in Q1 2024.
Why Inaccurate AFE Estimates Still Haunt Drilling Teams: The Hidden Cost of Poor DDR Cost Tracking
In the complex world of oil and gas drilling, few documents are as essential—or as underutilized—as the Daily Drilling Report (DDR). It’s supposed to be the real-time pulse of a drilling operation. But according to a recent survey we conducted, one of the most persistent challenges operators face is tied to what DDRs often don’t capture well enough: accurate cost tracking.
Strategic Air Permit Transfers Highlight Shifts in Barnett Shale Operations
As the oil and gas industry continues to navigate commodity price volatility and evolving regulatory landscapes, the recent transfer of air permits from Sage Natural Resources LLC to EagleRidge Energy underscores a broader trend in the Barnett Shale: operational consolidation and strategic repositioning.
