SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.
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.
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.
As the Permian Basin matures and global oil demand grows, Dan Pickering, chief investment officer for Pickering Energy Partners, offers his thoughts on the basin’s future, costs, demand and the price of oil.
SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.
The oil and gas rig count fell by four to 580 in the week to Jan. 17.
The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November.
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.
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row.
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
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.
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.
The oil and gas rig count rose by seven to 589 in the week to Dec. 6, its highest since mid-September.
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.