Precision Drilling: Drilling Efficiency and the U.S. Drilling a Changing Landscape

Precision Drilling Corporation’s Q4 2024 earnings report highlighted this evolving dynamic, showing how efficiency gains are reshaping the market and affecting short-term rig demand. The company acknowledged the challenges posed by drilling efficiency but pointed to long-term opportunities for high-tech, automated rigs, particularly in gas basins.

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Empire Petroleum

Empire Petroleum Corporation is a conventional oil and natural gas producer with a main focus in the US onshore. The company possesses long-life, mature, producing assets with slow decline profiles in the Permian Basin, Bakken region and central Gulf Coast region, in the states of New Mexico, North Dakota, Montana, Louisiana and Texas.

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