ARiES One energy consultants ’s Post

International Rig Count is down 23 rigs from last month to 955 with land rigs down 23 to 735, offshore rigs unchanged at 220, and is up 55 rigs from last year's count of 900, with land rigs up 51, offshore rigs up 4. The average U.S. Rig Count for December was 623 up 4 from last month and down 156 year-over-year. The average Canada Rig Count for December was 161 down 36 rigs from last month count of 197 and up 6 year-over-year. The Worldwide Rig Count for December was 1,739, down 55 from the 1,794 counted in November 2023, and down 95, from the 1,834 counted in December 2022. (December 2023 Baker Hughes Rig Count – Baker Hughes Company – January 5th 2024) #rigcount #upstream #oilandgascapex #oilandgasindustry  

International Rig Count is up 22 rigs from last month to 962 with land rigs up 27 to 743, offshore rigs down 5 to 219, and is up 51 rigs from last year's count of 911, with land rigs up 55, offshore rigs down 4. The average U.S. Rig Count for October was 623 down 9 from last month and down 145 year-over-year. The average Canada Rig Count for October was 192 up 4 rig from last month count of 188 and down 22 year-over-year. The Worldwide Rig Count for October was 1,777, up 17 from the 1,760 counted in September 2023, and down 116, from the 1,893 counted in October 2022. (October 2023 Baker Hughes Rig Count – Baker Hughes Company – November 3rd 2023) #rigcount #upstream #oilandgascapex #oilandgasindustry  

International Rig Count is down 25 rigs from last month to 953 with land rigs down 3 to 740, offshore rigs down 22 to 213, and is down 12 rigs from last year's count of 965, with land rigs up 11, offshore rigs down 23. The average U.S. Rig Count for May was 602 down 15 from last month count of 617 and down 125 year-over-year. The average Canada Rig Count for May was 120 down 11 rigs from last month count of 131 and up 30 year-over-year. The Worldwide Rig Count for May was 1,675, down 51 from the 1,726 counted in April 2024, and down 107,from the 1,782 counted in May 2023. (May 2024 Baker Hughes Rig Count – Baker Hughes Company – June 7th 2024) #rigcount #upstream #oilandgascapex #oilandgasindustry

World rig count crested in Feb and has fallen -5% since. Due to US decline. International rig count is actually increasing. International rig count was much less affected by the pandemic and continues to steadily rise since 2020 lows. #oilandgas #oilfield #oilandgasindustry #oilindustry #oilandgascompanies #oil

Offshore oil rig miniature

International Rig Count is down 12 rigs from last month to 940 with land rigs down 1 to 716, offshore rigs down 11 to 224 and up 61 rigs from last year's count of 879, with land rigs up 56, offshore rigs up 5. The average U.S. Rig Count for September was 632 down 15 from last month and down 131 year-over-year. The average Canada Rig Count for September was 188 down 1 rig from last month count of 189 and down 23 year-over-year. The Worldwide Rig Count for September was 1,760, down 28 from the 1,788 counted in August 2023, and down 93, from the 1,853 counted in September 2022. (September 2023 Baker Hughes Rig Count – Baker Hughes Company – October 6th 2023) #rigcount #upstream #oilandgascapex #oilandgasindustry  

Eastern Canada offshore exploratory well drilled to TD without NPT due to continuous real-time monitoring, which minimized downhole fluid losses with early detection.

Per Enverus, the US Land rig count was down 3 rigs week-over-week to 606 rigs. Year-over-year this is a -125 rig count change.  #oil #oilandgas #oilandgasindustry #oilfield

One of the concerns in Deepwater ERD wells is that if any of the casing/liner runs are designed to go negative weight the pipe may not ride in the slips during connections, requiring calm running conditions, pipe stretch taking up slack, and the potential use of locking slips to keep from ratcheting up. However, another option, utilizing bumper subs, may exist, IF the weights work out. Bumper subs have been used to DRILL uncompensated, utilizing a precise BHA design that allows for the weight of the BHA to equal the required WOB and the string above to be "isolated" from the BHA; this is a similar concept only required when in-slips. Give it some thought; it might help with your upcoming offshore developments. Give HXR a call if you want us to take a second look and work with your team to design and monitor your upcoming wells. A little ingenuity might save you several million in tie-backs and secondary subsea drill centers. #oilgas #oilandgas #oilfield #dirctionaldrilling

Eastern Canada offshore exploratory well drilled to TD without NPT due to continuous real-time monitoring, which minimized downhole fluid losses with early detection.