What the oil and gas industry always seems to forget in its press releases is that there are more than 32 million federal acres under lease for oil and gas drilling that have not yet been developed.

Onshore rig count on track for a nosedive. Land rigs in US were down 354 year-on-year last week with steeper cuts ... "The speed of this decline exceeds the initial post-oil-price-crash expectations.

Total U.S. rig count (oil and gas) increased by eleven. Total U.S. oil rig count increased by seven. The horizontal count increased by one. The directional count increased by six. All of the rigs ...

A new generation of land-based oil and gas rigs is halving drilling time and cutting costs for customers, but also setting a clear divide for investors between firms that have the new machines and ...

Baker Hughes’s report found that compared to this week in 2024, there are 25 fewer onshore rigs and four fewer offshore rigs in the U.S. The active rig count in the U.S. stands at 587.

Onshore rigs in the week that ended on Dec 15 totaled 604, ... U.S. Oil Rig Count Declines: The oil rig count was 501 in the week ended Dec 15, lower than the week-ago figure of 503.

The US oil rig count has climbed again for a record 20th week in a row, rising 11 units to 733, the most since April 2015, according to energy services player Baker Hughes.However, the number of ...

TEHRAN- The managing director of the National Iranian Drilling Company (NIDC) said that purchasing 15 new drilling rigs for ...