Drilling rig

Gates Introduces State-of-the-Art Flexible Hoses for Land and Offshore Well-Control Applications

Retrieved on: 
Tuesday, February 26, 2019
Inventions, Technology, Drilling rig, Han dynasty, Petroleum engineering, Petroleum geology, Petroleum production, Oil well

This new product is now available to Gates Black Gold distributors and oil and gas upstream drilling rig owners and operators.

Key Points: 
  • This new product is now available to Gates Black Gold distributors and oil and gas upstream drilling rig owners and operators.
  • "This product enables Gates to provide a state-of-the-art solution for land and offshore well-control applications," said Grant Gawronski, executive vice president and chief commercial officer of Gates.
  • It provides global availability of a critical oil and gas product from a reliable manufacturer of high-quality, high-pressure hoses."
  • Gates offers a broad portfolio of products to diverse replacement channel customers and to original equipment ("first-fit") manufacturers as specified components.

Global Horizontal Directional Drilling (HDD) Market by Technique, Part, Application, End-use and Region - Forecast to 2025 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 25, 2019
Construction & Property, Other Construction & Property, Technology, Construction, Directional boring, Trenchless technology, Articles, Ditch Witch, HDD, Drilling rig, Directional drilling, Drilling

The global horizontal directional drilling market size is estimated to reach USD 17.6 billion by 2025, progressing at a CAGR of 13.2% during the forecast period.

Key Points: 
  • The global horizontal directional drilling market size is estimated to reach USD 17.6 billion by 2025, progressing at a CAGR of 13.2% during the forecast period.
  • Horizontal directional drilling has proved to be more convenient and environment-friendly as compared to conventional vertical maneuvering method.
  • Further key findings from the report suggest:
    North America accounted for the largest revenue share in the horizontal directional drilling (HDD) market in 2018.
  • It is likely to retain its position through 2025
    The key players in the global horizontal directional drilling machines market include Ditch Witch, Vermeer Corporation, Ellingson Companies, and American Augers, Inc.

January Rig Count Dips as it Follows the Bouncing Price of a Barrel - S&P Global Platts Analytics

Retrieved on: 
Thursday, February 7, 2019
Inventions, Technology, Drilling rig, Han dynasty, Petroleum engineering, Petroleum geology, Petroleum production, Oil well

HOUSTON, Feb. 7, 2019 /PRNewswire/ --S&P Global Platts Analytics, today announced the total U.S. rig count for January 2019 was 1,113, down 34 (-3%) from December 2018, and up 18 (+2%) from January 2018.

Key Points: 
  • HOUSTON, Feb. 7, 2019 /PRNewswire/ --S&P Global Platts Analytics, today announced the total U.S. rig count for January 2019 was 1,113, down 34 (-3%) from December 2018, and up 18 (+2%) from January 2018.
  • This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
  • "But in January, prices improved by about $7/b from the beginning to end-month, and it is this price rebound that is more telling than the sloughing off a few rigs over the month.
  • Looking ahead, if WTI crude stays in the mid-$50/b area, we would expect the rig count to follow suit and show improvement in the weeks ahead."

Baker Hughes, a GE company Announces January 2019 Rig Counts

Retrieved on: 
Thursday, February 7, 2019
Energy, Oil, Gas, Technology, Inventions, Baker Hughes, Companies, Drilling rig, Well drilling, Oil well, Precision Drilling

The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets.

Key Points: 
  • The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets.
  • The company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity.
  • Additional detailed information on the Baker Hughes rig counts is available from our website .
  • Baker Hughes, a GE company (NYSE: BHGE) is the worlds first and only fullstream provider of integrated oilfield products, services and digital solutions.

Patterson-UTI Reports Drilling Activity for January 2019

Retrieved on: 
Tuesday, February 5, 2019
Technology, Geotechnical engineering, Patterson-UTI, Drilling rig, Directional drilling, Petroleum industry, Patterson, Oil well, Precision Drilling, GlobalSantaFe Corporation

HOUSTON, Feb. 5, 2019 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN)today reported that for the month of January 2019, the Company had an average of 180 drilling rigs operating.

Key Points: 
  • HOUSTON, Feb. 5, 2019 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN)today reported that for the month of January 2019, the Company had an average of 180 drilling rigs operating.
  • Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract.
  • The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
  • Patterson-UTI is a provider of oilfield services and products to oil and natural gas exploration and production companies in North America, including market leading positions in contract drilling, pressure pumping and directional drilling services.

Matador Resources Company Announces Plans to Reduce Drilling Activity and Provides Operational Update

Retrieved on: 
Wednesday, January 30, 2019
Energy, Oil, Gas, Well drilling, Technology, Articles, Petroleum industry, Petroleum production, Drilling rig

Matador Resources Company (NYSE: MTDR) (Matador or the Company) today provided an update to its 2019 operational plans.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (Matador or the Company) today provided an update to its 2019 operational plans.
  • Accordingly, Matador plans to reduce its operated drilling program by releasing its South Texas rig upon the completion of the Companys South Texas drilling program in February 2019.
  • The Company plans to drill two additional Eagle Ford shale wells prior to concluding its South Texas drilling program in mid-February 2019.
  • With this in mind, Matador plans to reduce activity and has built considerable flexibility into its operated drilling program, with several rigs on short-term contracts for six months or less, enabling us to further reduce our drilling activity quickly in 2019 should economic circumstances dictate.

Zonal Isolation Market Worth Over $33bn by 2024: Global Market Insights, Inc.

Retrieved on: 
Thursday, January 24, 2019
Technology, Petroleum production, Construction, Articles, Petroleum geology, Offshore engineering, Drilling rig, Han dynasty, Petroleum engineering, Oil well, Oil platform

The U.S. zonal isolation market will witness growth on account of high potential of untapped oil reserves along with increasing number of drilling rigs across the region.

Key Points: 
  • The U.S. zonal isolation market will witness growth on account of high potential of untapped oil reserves along with increasing number of drilling rigs across the region.
  • Enhanced focus toward deep-water drilling activities along with shifting trends toward drilling deep and ultra-deep wells will boost the offshore zonal isolation market growth.
  • Mechanical zonal isolation market will witness growth on account of consistent performance of these technologies across various deep-water conditions.
  • Increasingly harsh downhole conditions necessitate the advances in isolation technologies along with ongoing research & development efforts to meet the rising drilling challenges will stimulate the chemical zonal isolation market growth.

Bay Shore Systems Growth Strategy Continues With Multiple New Hires in Sales

Retrieved on: 
Friday, January 18, 2019
Drilling rig, Han dynasty, Petroleum engineering, Petroleum geology, Excavator, Technology, Engineering, Natural gas

"This is a great time to be with Bay Shore, with multiple new initiatives and a product roadmap in place that aligns with a fast-growing market," said Valerie Cobb, Chief Sales Officer.

Key Points: 
  • "This is a great time to be with Bay Shore, with multiple new initiatives and a product roadmap in place that aligns with a fast-growing market," said Valerie Cobb, Chief Sales Officer.
  • These four hires support the Company's strategic direction, strengthening customer relationships as well as expanding our global sales support coverage.
  • Founded in 1978, Bay Shore Systems is a leading manufacturer of foundation drilling and earth retention equipment serving customers nationally and internationally.
  • Focused on building top quality custom excavator and truck mounted drilling attachments, Bay Shore is known worldwide for its LoDril, TR Series and LAD drill rigs.

Baker Hughes, a GE company Announces December 2018 Rig Counts

Retrieved on: 
Tuesday, January 8, 2019
Energy, Oil, Gas, Technology, Baker Hughes, Economy of the United States, Petroleum industry, Drilling rig, Well drilling, Oil well, Precision Drilling

The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets.

Key Points: 
  • The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets.
  • The company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity.
  • Additional detailed information on the Baker Hughes rig counts is available from our website .
  • Baker Hughes, a GE company (NYSE: BHGE) is the worlds first and only fullstream provider of integrated oilfield products, services and digital solutions.

Global Logging While Drilling Market Analysis & Outlook 2018-2022 - Baker Hughes, Halliburton, Nabors Industries, National Oilwell Varco, Schlumberger and Weatherford are the Leading Players - ResearchAndMarkets.com

Retrieved on: 
Monday, January 7, 2019
Natural Resources, Forest Products, Petroleum production, Directional drilling, Logging while drilling, Drilling, Petroleum geology, Industrial processes, Natural gas, Technology, Mud logging, Drilling rig

The "Global Logging While Drilling Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Logging While Drilling Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
  • The logging while drilling market will register a CAGR of more than 7% by 2022.
  • The adoption of robotic logging removes the requirement for a logging truck and provides a faster response rate.
  • The adoption of directional drilling technology in key countries like the US and Canada has led to an increase in the production of oil.