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Oil Rig Count Rises Amid Slide in Oil Prices | OilPrice

2 days ago· The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.

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CEC Market Watch 6/24/2025

A fragile ceasefire between Iran and Israel has cooled oil prices—temporarily. Farmers in Northwest Iowa and Southwest Minnesota should watch market shifts as rig counts

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U.S. Drilling Activity Continues Its Slide

The total rig count fell to 695 this week—38 rigs below this time last year. The current count is 380 fewer rigs than the rig count at the beginning of 2019, prior to the pandemic.

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Fewer than 100 rigs are drilling in the Eagle Ford Shale

Crude oil is back at $50 per barrel with the promise of Iranian oil flooding the global market pushing the number of active drilling rigs in the Eagle Ford shale below the 100 mark

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Iran issues first Caspian Sea drilling order in three

Iran has issued its first drilling order in the Caspian Sea in nearly 30 years, aiming to revive long-stalled exploration in the region, Oil Minister

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Permian Basin adds one rig, following national trend

The number of rigs seeking crude oil rose by five rigs to 482, the highest level since mid-October but still 21 rigs below the 503 rigs drilling for

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Improved Efficiency Is Enabling Record U.S. Crude Oil

Rigs drill oil wells, and an increased number of active drilling rigs indicates that U.S. producers are drilling more wells, which generally results in growing oil production. Our

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Rig Count Decline Accelerates amid Rising U.S. Crude Oil

The total rig count fell to 652 this week. So far this year, Baker Hughes has estimated a loss of 136 active drilling rigs. This week''s count is 54 fewer rigs than the rig count

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U.S. Drilling Dips Slightly amid Rising Oil Prices

The total rig count fell to 664 this week. So far this year, Baker Hughes has estimated a loss of more than 100 active drilling rigs. This week''s count is 411 fewer rigs than

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National Iranian Drilling Company (NIDC), Iran | Profile

National Iranian Drilling Company (NIDC), a subsidiary of National Iranian Oil Company (NIOC), commenced its operation in 1979 using six heavy drilling rigs and allocated considerable

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U.S. oil producers respond to lower prices by boosting efficiency

U.S. oil production continues to increase as lower prices compel the industry to become more efficient, raising output while employing fewer drilling rigs. Persistent production

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U.S. Oil Production Milestones and Their Implications for

Advancements in horizontal drilling and hydraulic fracturing, combined with new methods like longer well extensions and simultaneous fracking of multiple wells, allowed

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Fewer oil-directed rigs account for much of overall

The overall drilling rig count in North America is down 7 units to 717 the week ended Aug. 1, with drops in oil-directed rigs accounting for much of

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Iran Admits Its Oil Fields in Decline

Iran''s dependence on imported gasoline is a major reason why its threats to close the Strait of Hormuz are hyperbole; not only can they not militarily, but any closure would hurt

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Drilling plummets under Trump despite ''Drill, Baby, Drill'' promise

"A single rig can drill multiple horizontal wells from the same surface location, requiring fewer rigs to produce the same amount (and even more) of oil and gas compared with vertical drilling.

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U.S. Oil Production Milestones and Their Implications

Advancements in horizontal drilling and hydraulic fracturing, combined with new methods like longer well extensions and simultaneous

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Iran Set to Revive Offshore Oil Exploration After Six-Year Hiatus

Iran plans to resume offshore oil and gas exploration after a six-year hiatus, driven by competition from regional neighbors like Saudi Arabia and the UAE, who have made

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Haynesville, Appalachia lead U.S. natural gas rig decline

Additionally, the increasing efficiency of modern drilling and completion methods has enabled companies to extract more gas from fewer wells, reducing the need for a higher

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Drilling Continues to Disappoint as Oil Prices Climb

The total rig count fell to 631 this week. So far this year, Baker Hughes has estimated a loss of 148 active drilling rigs. This week''s count is 444 fewer rigs than the rig

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Oil Rig Count Rises Amid Slide in Oil Prices

2 days ago· The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.

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EIA: Improved production in Permian Basin despite fewer drilling rigs

U.S. Energy Information Administration recently said crude oil production continues to increase in the lower 48 states despite fewer active drilling rigs because of gains in

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NIOC signs offshore rig contracts to boost Persian Gulf exploration

NIOC''s Mohyeddin Jafari, speaking at a signing ceremony for a joint exploration cooperation agreement with Iranian Offshore Oil Co. (IOOC), said the hiatus in new drilling

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6th Homegrown Oil Rig Unveiled

The National Iranian Drilling Company (NIDC) and ACERC signed a €33 million agreement for building three drilling rigs. Fath 71 was delivered in 2018 and Fath 72 in 2019.

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Iran Rig Report 2023: Overview of the Iranian Land/Offshore Rig

Get a timely and comprehensive overview of the Iranian land/offshore rig activity and regional upstream sector. Iran Rig Report (IRR) contains the active drillers, highlights the

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OPEC+ to Increase Oil Production—Again

The Permian region production increase occurred despite a lower rig count. The region averaged 308 active drilling rigs in 2024, 26 fewer rigs than in 2023, accounting for

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Amir Kabir Semisubmersible Drilling Rig; Irans Asset in

Amir Kabir Semisubmersible Drilling Rig; Iran''s Asset in Caspian Sea By Mahnaz Mohammadi Amir Kabir semisubmersible drilling rig has got 8 anchors, weighing 20 tons each. A similar

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US drilling activity hits lowest level since 2021

The number of rigs seeking crude oil fell by six rigs to 472 for the week, down 27 rigs or 5% below the 499 seen last year. The number of rigs drilling for natural gas rose one rig

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Drilling Rig almost Indigenized Drilling is undoubtedly

As drilling industry grows in Iran, construction of drilling rigs and other equipment by Iranian manufacturers have been taken into account in recent years. So far, six drilling rigs have been

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Oil Rig Count Rises Amid Slide in Oil Prices

2 days ago· The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on

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Oil Prices Slide Further on Plans to Increase Supply – DNyuz

There are about 9 percent fewer rigs drilling wells in the Permian Basin, the top U.S. oil field, than there were this time last year, when oil was trading near $80 a barrel,

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Iran looks to emerge from six-year offshore oil

Iran hopes to revive offshore oil and gas exploration after a six-year hiatus as regional rivals Saudi Arabia and the United Arab Emirates have

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Oil exploration and drilling operations are increasing in

The director of exploration of the National Iranian Oil Company said: Soon the number of drilling rigs for the exploration of the National Iranian

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Fewer rigs in the U.S. despite higher prices

Despite this reduction in the number of rigs, US energy companies are managing to maintain, or even increase, their production thanks to the adoption of cutting-edge

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The Paradox Of US Oil Production: More Drilling, But Fewer Rigs

Baker Hughes'' report said that of the 29 oil rigs that were shut down, 21 were in the Permian Basin that spans Texas and New Mexico, the largest shale field in the United

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24 Fewer Rigs in West Texas: A 2025 Slowdown in

West Texas, the heart of U.S. shale oil production, is experiencing a significant pullback in drilling activity. According to our analysis, 24 drilling

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Research shows improved efficiency enabled record U.S. crude

Just because there are fewer oil rigs actively drilling for new crude oil in the U.S. doesn''t mean there is less oil production. It''s been confirmed by researchers at the U.S.

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Drilling Structure, Infrastructure Fully Iranian

This rig has so far helped drill 15 wells measuring 51,000 meters in depth. The manufacturing of 700,000 items of widely used parts in the drilling

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| IranOilGas Network

This analytical and statistical survey, as the 2nd drilling report of IranOilGas Network, involves a review on the existing circumstances governing Iran drilling industry in different sectors

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Iran to Resume Offshore Oil and Gas Exploration in Persian Gulf

Mohyeddin Jafari, head of Exploration Directorate at the NIOC, said Saturday that exploration operations at sea had been halted since 2019 due to a shortage of offshore rigs,

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North Driilling

North Drilling currently provides a variety of technical services to top Iranian and international companies. Some of them are as follows: offshore drilling and services, cementing and

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2025 Trends: How Oil and Gas Operators Are Maximizing Efficiency

With fewer rigs, faster drilling, and less downtime, operators are managing to reduce their break-even costs. At the same time, they''re focusing capital on the most

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Drilling More With Fewer Rigs?

Technological advancements in drilling have led to the increase in lateral lengths being drilled, enabling US oil companies to drill more with fewer rigs.

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Oil, gas exploration to resume in Persian Gulf after

Offshore exploration in Iran was suspended in 2019 due to rig shortages. However, with backing from the Oil Ministry, NIOC, and

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About Fewer rigs drilling in iran

About Fewer rigs drilling in iran

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