The Zacks Oil and Gas - Drilling industry operates in a volatile environment, influenced by rig availability, contracting activity, and capital expenditures rather than commodity prices alone. A 5% ...

excess availability of land drilling rigs, pressure pumping and directional drilling equipment, including as a result of reactivation, improvement or construction; competition and demand for ...

The total number of active drilling rigs in the US rose slightly this week, according to Baker Hughes, but remains lower than ...

Arabian Drilling ended the year 2024, with a healthy backlog of SAR 10.3 billion with an addition of SAR 795 million in Q4 2024. Backlog growth was driven by contract extensions for two land rigs and ...

US land rigs were up 2 to 578. Offshore rigs decreased by 1 to 13, and those drilling in inland waters were unchanged at 2. The number of US rigs drilling for gas increased by 3 to 102 this week ...

Canada dropped 19 rigs for the week ended Mar. 21, according to Baker Hughes data. With 180 rigs running, the count was 11 more than the 169 units drilling during the same period in 2024. The number ...