Arctic drilling rig

Drilling in the Canadian Arctic turned out to be challenging and expensive, particularly in the offshore where drilling required innovative technology. Short operating seasons complicated logistics for companies who had to contend with the additional risk of variable ice conditions. . Exploration for petroleum in the Arctic is expensive and challenging both technically and logistically. In the offshore, sea ice can be a major factor. There have been many discoveries of. . There are 19 geological making up the region. Some of these basins have experienced and , most notably the where oil was first produced in 1968 from . However, only half the basins – such as the . In June 2007, a group of returned from a six-week voyage on a ,. . on 's is the largest oil field in , The field was discovered on March 12, 1968, by Atlantic Richfield Company (ARCO). . Drilling in the peaked during the 1970s and 1980s, led by such companies as in the Sverdrup Basin of. . In the years post 2000, sedimentary basins offshore were believed by some geologists to have high potential for large oil. . and (then Statoil) made the Arctic exploration deal in May 2012. It is the third deal Rosneft has signed in the past month, after. [pdf]

Arctic drilling rigs

Drilling in the peaked during the 1970s and 1980s, led by such companies as in the Sverdrup Basin of the Arctic Islands, and by and in the Beaufort Sea-Mackenzie Delta Basin. Drilling continued at declining rates until the early 2000s. In all, some 300,000 km of seismic and 1500 wells were drilled across this vast area. Approximately 1.9 billion barrels (300×10 m ) of oil and 32.4 trillion cubic feet (9.2×10 m ) . [pdf]

Cactus drilling new rig

Rig 169 will be drilling in the Anadarko Basin in the Texas Panhandle for Tecolote Energy headquartered in Tulsa. “Rig 169 is a fit-for-purpose, tier 1 AC drilling rig that is ideally-equipped for multi-well pads and extended laterals,” said Josh Simons, Cactus’ Vice President of Operations. [pdf]

FAQS about Cactus drilling new rig

What is a cactus rig 172?

Cactus Rig 172 is an 1,800-horsepower AC-driven land drilling rig operated by Cactus Drilling, the largest privately held U.S.-based land drilling contractor. The rig is an Alta ARS-1813 model, classified under Cactus Drilling’s “ROCKET” series, which is designed for high-performance drilling operations. Total Wells Drilled

How many cactus rigs have been drilled this year?

As of this year, a total of 120 wells have been drilled by Cactus rigs, demonstrating strong industry demand and continued investment in drilling operations. Below, we break down the latest data, highlighting top trends in drilling activity by province, operator, county, and rig utilization.

Who is cactus drilling?

Cactus is a mid-size, U.S. domestic land drilling contractor providing quality people operating premium rigs to deliver safe and reliable results. As of March 2025 Cactus Drilling has drilled 120 wells year-to-date across Texas, Oklahoma, New Mexico, and Louisiana, with Texas leading at 64 wells.

Who uses cactus drilling rigs?

Several major oil and gas operators are leveraging Cactus Drilling rigs for their exploration and production programs. The top 10 operators by record count include: Drilling activity remains concentrated in specific counties with high levels of oil and gas production.

Where are cactus drilling rigs located?

Coterra Energy is the top operator with 23 wells, and Lea County, NM, is the most active drilling location with 9 wells. The most utilized rigs include Cactus 162 and Cactus 140, each drilling 7 wells, reflecting strong and consistent demand for Cactus Drilling’s services.

What are the key trends in Cactus drilling?

The data highlights several important trends in U.S. drilling: Strong activity across multiple provinces, reflecting a broad and sustained demand for drilling services. A diverse set of operators utilizing Cactus Drilling, ranging from major industry players to smaller independents.