From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits..
From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits..
Permian Basin and Texas continued their declines in count of active drilling rigs. Baker Hughes said as of Aug. 15 there were 255 rigs in Permian (down 1 in the past week, down 48 or 16 percent from 303 a year ago) and 242 rigs in Texas (down 1 in past week, down 31 or 11 percent from 273 a year. .
From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits. This drop suggests a softening of drilling appetite, especially. .
Count of active drilling rigs in U.S. continued its decline, but the count in Permian Basin remained at 304 for the seventh straight week. The last gain in the U.S. count was Dec. 6, 2024 (the only weekly gain since Oct. 11, 2024). Baker Hughes said as of Jan. 17 there were 580 rigs in U.S. (down 4.
[pdf] NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, acquired Oilwell Supply. In 1958, merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell". Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold i.
[pdf] The XLE4 is based on the design of the three existing rigs, but will have several modifications and incorporate enhanced features to improve efficiency, safety and onboard logistics that will make it the largest and most advanced jack-up rig in the world. These include dual pipe handling to maximise uptime and. .
In the North Sea, the Maersk drillship Gallant has drilled to an even greater depth. In August, the company reported that at a total depth of 5,941 metres, it had beaten the record for. .
Maersk Drilling’s chief commercial officer Ana Zambelli says the new drilling technology is the differentiating factor for customers when oil prices are so low. Offshore installation manager Craig Fraser adds: “It’s a demanding industry. Clients want performance. .
The bottom line for Maersk, as it is for other companies, is to drive down costs. Senior commercial advisor Erik Schou has been prominent in the build-up of Maersk Drilling’s activities in.
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