The Latest

SLB’s Big Boost from Digital Offsets Flat Trends in Oil, E&P

SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.

US Drillers Cut Oil, Gas Rigs to Lowest Since December 2021, Baker Hughes Says

The oil and gas rig count fell by four to 580 in the week to Jan. 17. 

US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks

The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November. 

US Oil, Gas Rigs Unchanged for Fourth Straight Week

The oil and gas rig count stayed at 589 in the week to Jan. 3. Baker Hughes said that puts the total rig count down 32 rigs, or 5% below this time last year.

Baker Hughes: US Drillers Keep Oil and NatGas Rigs Unchanged for Third Week

U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row.

Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week

U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row. 

US Oil, Gas Rig Count Unchanged at 589 in Week to Dec. 13, Baker Hughes Says

U.S. energy firms this week operated the same number of oil and natural gas rigs as they did last week, according to Baker Hughes' weekly report. 

Exclusive Occidental, CrownRock Merge Into Team of Overachievers

Thaimar Ramirez, president and general manager for Occidental Petroleum’s Midland Basin Business Unit, said 100 days after closing the CrownRock acquisition production guidance keeps going higher.

US Drillers Add Oil, Gas Rigs for First Time in 8 Weeks

The oil and gas rig count rose by seven to 589 in the week to Dec. 6, its highest since mid-September. 

Sliding Oil Prices Could Prompt Permian E&Ps to Cut Capex

A reduction in the rig count would also slow the growth of natural gas output from the region, benefitting gassy Gulf Coast players, according to Enverus.