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US Rig Count is 930 (-2) this week. Permit Count is 687 (-27). 55 Rigs waiting to spud. [RigData] Checkout the Oilfield1 Store….
US Rig Count is 932 (+10) this week. Permit Count is 714 (-153). 78 rigs waiting to spud. RigData. Checkout the Oilfield1 Store….
On February 17, 2017, Pioneer Energy Services (NYSE: PES) shared with investors its Q4’16 results and some details from its Q1’17 guidance. The company’s drilling rig utilization was 48% in Q4’16, up from 38% in Q3’16; for Q1’17, utilization is expected to increase to 70-73%. Forty-one percent of […]
The oilfield is full of many awesome people who have amazing stories of how they got where they are now. Meet Clarissa Gomez!!! Clarissa is an oilfield consultant selling for over 20 companies and providing a wide range of services from trucking, hydrovac, heavy equipment, etc…. Clarissa went […]
US Rig Count is 877 (+ 17) this week. Permit count is 896 (+93). 50 rigs waiting to spud. [RigData] Checkout the Oilfield1 Store….
On February 9, 2017, Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported financial results for the three months and twelve months ended December 31, 2016. In the fourth quarter of 2016, Patterson’s average rig count in the United States increased by six to a total of 66 rigs. As a […]
Sanchez Energy Corporation (NYSE: SN) had a blockbuster 2016, partnering with Blackstone the companies acquired Anadarko’s acreage in the Eagle Ford which is expected to close in the first quarter of 2017. This acquisition adds 132 DUCs, 3,400 drilling locations and 67,000 net Boe per day. The company optimized […]
Oil prices have dropped over $4 In the last 48 hours bringing the price of oil below $50 a barrel. This is the lowest oil prices have been since last November as crude has held steady over $52-$54 in the last 6 months. Some experts claim this is […]
ExxonMobil announced Monday that it plans to spend $20 billion over 10 years on 11 plants along the Gulf Coast, resulting in the creation of 45,000 jobs — an initiative that the White House said illustrates his “promise to bring back jobs to America.” In separate statements released […]