Upcoming IADD Events and Increase in Oil and Gas Prices

Published: Thu, 09/15/22

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Upcoming IADD events

Join us for the IADD Monthly Luncheon on Thursday, September 22nd. The topic is Borehole Quality: are we minding our "P's" and "Q's"?

Speakers are Jose Tang Torres, an MPD Engineer with NOV, and Bill Lesso with LF Pinewood Consultants! We hope to see you there!

Join us for the IADD Annual Sporting Clays Tournament on Friday, December 2nd. The event will last all day, from 8:30 am to 5:00 pm. We hope to see you there!

Industry News

Increase in Oil and Gas Prices on the Horizon

SPR Falls to Lowest Level Since 1984

Permian to Drive U.S. Shale Oil Output Growth in October

Exploration & Production

Technology & Innovation

Zanskar's Software Helps De-Risk Geothermal Power

Community Events

Shoot for Glory: Sporting Clay Shoot

Outdoor Edge Ministries is holding a fundraising sporting clay event on October 1st, 2022.

Learn more here!

Cutting-Edge Companies

Stay up-to-date on the latest technology in the industry. Follow us on social media!

If your company would be interested in placing an advertisement here, please contact Emalee at emalee@iadd-intl.org.

Baker-Hughes Rig Count

For last week:

U.S. Rig Count is down 1 from last week to 759, with oil rigs down 5 to 591, gas rigs up 4 to 166, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is up 263 rigs from last year’s count of 497 with oil rigs up 202, gas rigs up 60, and miscellaneous up 1.
U.S. Offshore Rig Count is 2 to 16, up 14 year-over-year.

For last month:

International Rig Count is up 27 rigs from last month to 860 with land rigs up 17 to 650, offshore rights up 10 to 210.
The average U.S. Rig Count for August was 764 up 8 from last month’s count of 756 and up 263 year-over-year.
The Worldwide Rig Count for August was 1,825, up 50 from the 1,775 counted in July 2022, and up 391 from the 1,434 counted in August 2021.

Additional information on the Baker-Hughes Rig Count is available on their website, at https://bakerhughes.com/rig-count-overview.