Drilling activity – Oil & Gas 360

Horizon Energy Global set to benefit as UK North Sea drilling activity increases amid European natural gas crisis

September 23, 2022

Oil and Gas 360 By: Larry Busnardo, EnerCom The natural gas crisis unfolding in Europe appears to be intensifying as Russia has dialed back natural gas supplies to the region. European countries have been scrambling to determine how to meet their winter needs for heating and power generation. New supplies are ultimately needed to ensure the region’s short-term and long-term

Schlumberger reports higher profit as drilling activity increases, hikes dividend

April 22, 2022

Reuters Top oilfield services firm Schlumberger (NYSE:SLB) reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment. Oil prices climbed to their highest in more than a decade during the quarter as Russia’s invasion of Ukraine upended global supply dynamics. Oilfield service firms, including Halliburton (NYSE:HAL) Co

Patterson-UTI reports drilling activity for July 2021

August 4, 2021

Patterson-UTI Reports Drilling Activity for July 2021 PR Newswire HOU…

GeoPark reports on the ongoing situation in Colombia

May 18, 2021

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), …

Patterson-UTI reports drilling activity for April 2021

May 5, 2021

Patterson-UTI Reports Drilling Activity for April 2021 PR Newswire HO…

Patterson-UTI reports drilling activity for December 2020

January 6, 2021

Oil and Gas 360 HOUSTON , Jan. 6, 2021 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2020 , the Company had an average of 64 drilling rigs operating. For the three months ended December 31, 2020 , the Company had an average of 62 drilling rigs operating. Average drilling rigs operating reported in the Company’s monthly announcements represent the average number of

Patterson-UTI sees drilling activity picking up through early next year

October 22, 2020

Reuters U.S. oilfield services firm Patterson-UTI Energy PTEN.O expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call. The company, which offers contract drilling and hydraulic fracturing services in North America, expects to average 61 rigs in the current quarter, up from 60 in the third

Permian drilling must pick up just to maintain current production: Report

December 12, 2019

Houston Chronicle Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to a new report from the research firm IHS Markit. The Permian’s oil output has risen rapidly in recent years from the shale boom, but shale wells deplete much faster than conventional vertical wells, so more constant drilling is required

Oil Prices Up Despite Increased Drilling Activity in the U.S.

June 17, 2016

Drilling activity up: the U.S. adds ten more rigs this week – more rigs drilling in the Barnett today than a year ago The rig count in the U.S. continued to climb for a third-straight week this week, according to information released from Baker Hughes Industries (ticker: BHI). Ten more rigs joined the total number of active rigs this week

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