Brand New Industry, Exploration, and Production News

Published: Thu, 12/15/22

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Upcoming IADD Events

Join Us on Thursday, January 26!

The IADD Mud Motor Forum will take place at the Oxy Woodlands Allison Tower. The Mud Motor Forum is part of the "Drilling Towards Performance. Steering Towards the Future" Series of events that are being scheduled in 2023.

See the full agenda on our website: iadd-intl.org

Save the date for a Mud Motor Topical Forum!

This will be a three-part event in Houston on January 25th & 26th. Be sure to put it on your calendar, as we have some special attractions we won't want you to miss!

We have split this event into:

a mud motor class on the 25th
a drilling motors session and an exhibit/happy hour on the 26th.

We are grateful to have Oxy host day 2 of the event at their office in The Woodlands! We will also have a coil-tubing motors forum later in the spring - Mud Motors part II.

More details coming soon...

IADD Corporate Sponsors

Platinum Sponsor

Silver Sponsor

If you are interested in our Corporate Sponsor Packages, please contact Brooklin Cory at brooklin@iadd-intl.org.

Industry News

Oil Prices Fall as Protests Over China's Zero COVID-19 Policy Continue

Directional Drilling Market Estimated to Hit USD 13.87 Billion by 2030, Registering a CAGR of 9.5%

Diamondback Beefs Up In the Permian With $1.5 Billion Purchase

Exploration & Production

Technology & Innovation

How Drillers Are Boosting Efficiency by Turning to Tech

Permian Basin Operators Act on Greenhouse Gas Emissions

Zanskar's Software Helps De-Risk Geothermal Power

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 4 from last week at 780 with oil rigs down 2 at 625, gas rigs down 2 at 153, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is up 204 rigs from last year’s count of 576 with oil rigs up 154, gas rigs up 48 and miscellaneous up 2.
U.S. Offshore Rig Count is unchanged at 18, up 4 year-over-year.

For last month:

International Rig Count is down 1 rig from last month to 910 with land rigs unchanged at 688, offshore rigs down 1 to 222.
The average U.S. Rig Count for November was 779 up 11 from last month’s count of 768 and up 219 year-over-year.
The Worldwide Rig Count for November was 1,890, down 3 from the 1,893 counted in October 2022, and up 346 from the 1,544 counted in November 2021.

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