The New York Times’ Post

U.S. Oil Industry Pumps Record Volumes with Fewer Workers The number of upstream and oilfield services jobs is flatlining and has started to fall. The hiring slump is not because production is falling. Efficiency and technological advances in fracking services, as well as the ongoing consolidation in the industry, have been pushing employment numbers lower this year. https://lnkd.in/ekjWzeE7

I do not like posting bad news about the economy, but feel the need to help spread the word over what's happening in the Oil/Gas fields. Layoff's have been happening and more are coming to thousands of highly skilled workers. We need to increase exports of LNG and refurbish our coal-fired power plants to run on Natural Gas. The current energy plan coming from the white house is a serious job-killer and a danger to our nations prosperity!! https://lnkd.in/eDa27MQU.

BlowOut: A Serious Risk Threat in Oil & Gas Industry. While drilling an oil & gas well, if hydrostatic pressure imperted by drilling fluid i.e the primary barrier falls below formation pore pressure at any point of operation, formation fluids start coming into wellbore. This is called ‘Kick’. To control kick, we have a secondary barrier at surface known as BOP or Blow-out Preventor. If this secondary barrier also fails, then flow of formation fluids into wellbore becomes uncontrollable. As a result drilling fluid and followed by formation fluids primarily oil & gas start coming out at uncontrollable pressure & rate from wellbore to surface. This is known as Blow-Out. Highly flammable oil & gas gushing out from wellbore bore ignites at surface & cause catastrophic incidents as we can see in the video.

𝐕𝐞𝐫𝐲 𝐛𝐚𝐝 𝐁𝐥𝐨𝐰𝐎𝐮𝐭, 𝐡𝐚𝐩𝐩𝐞𝐧𝐞𝐝 𝐭𝐨 𝐝𝐫𝐢𝐥𝐥𝐢𝐧𝐠 𝐫𝐢𝐠 𝐰𝐡𝐢𝐥𝐞 𝐭𝐡𝐞𝐲 𝐰𝐞𝐫𝐞 𝐩𝐮𝐥𝐥𝐢𝐧𝐠 𝐨𝐮𝐭 𝐨𝐟 𝐡𝐨𝐥𝐞. 𝐓𝐡𝐞𝐫𝐞 𝐢𝐬 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐡𝐨𝐥𝐞/𝐰𝐚𝐬𝐡 𝐨𝐮𝐭 𝐜𝐚𝐮𝐬𝐞𝐝 𝐛𝐲 𝐭𝐡𝐢𝐬 𝐛𝐥𝐨𝐰 𝐨𝐮𝐭 𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐰𝐞𝐥𝐥 𝐚𝐧𝐝 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐰𝐡𝐞𝐫𝐞 𝐭𝐡𝐞 𝐫𝐢𝐠 𝐢𝐬, 𝐝𝐞𝐬𝐭𝐫𝐨𝐲𝐞𝐝... During a blowout, crude oil gets released uncontrollably. A catastrophic disaster can ensue if the gushing oil gets into contact with a flame or spark. The good news is that oil drilling companies can prevent such blowouts by installing blowout preventers. As a result, it mitigates the risks of oil rig explosions.

**Only put off until tomorrow what you are willing to die having left undone** **Keep an Eye on EOG & FANG Stocks: US Rig Count Falls** In its latest weekly release, Baker Hughes Company (BKR) reported a decrease in the U.S. rig count compared to the previous week. The rotary rig count, which is closely monitored by major newspapers and trade publications, serves as an important indicator for the oil and gas industry. Baker Hughes has been providing rig count data since 1944, and their information is highly regarded by investors and analysts alike. The recent decrease in the rig count suggests a potential slowdown in drilling activity, which can have significant implications for the energy sector. As an experienced investment advisor, I believe it's important to keep an eye on the stocks of EOG Resources (EOG) and Diamondback Energy (FANG) in light of this development. Both companies are prominent players in the oil and gas industry and may be affected by the decline in rig count. By staying informed and taking action when necessary, investors can mitigate the Fear of Missing Out (FOMO) and make informed decisions regarding their Health Savings Account (HSA) investments. Don't miss out on potential opportunities in the healthcare and energy sectors. Take charge of your financial well-being and secure your family's future by leveraging the benefits of HSAs. Invest wisely, stay healthy, and prioritize your wellness. #hsa #investing #healthcare #health #family #wellness 💪💰💼📈🏥🌱

Despite Trump's "drill-baby-drill", US producers remain disciplined. Disciplined producers means pricing pressure for the service providers. Rig counts and frac fleets are down to 2021 levels. Hard to fathom data point: Sep'08: US rig count was 2,031 with oil production of 4 million bpd. Oct'24: US rig count was 585 rigs with oil production of 13.46 million bpd. So, in 16 years, the average rig's productivity is up 10x?? Read the article: https://lnkd.in/gKMcNuD4 #business #finance #oilandgas

WEEKEND READ: How a litany of small, efficiency gains through the iterative process of drilling thousands of wells each year have transformed US shale from the fringes of the oil market to a powerhouse that's challenging OPEC and supercharging America's economy. Surging oil production -- now 50% higher than Saudi Arabia -- may run counter to net zero efforts but it's political and economic importance cannot be understated. Read about longer-laterals, triple frack, U-turn wells and smart drill bits are driving down breakeven costs even as the industry churns through its best well locations. With Catarina Saraiva, David Wethe, Mitchell Ferman and graphics by Steph D. https://lnkd.in/gwGvh3bn

🌊 Understanding Oil Foamers in Drilling Operations 🌊 In the oil and gas industry, maintaining efficient and safe drilling operations is key—and that’s where oil foamers step in. As a powerful surfactant, an oil foamer reduces surface tension, helping to break down foamy formations in drilling muds. 🔍 Why Use Oil Foamers? Oil foamers are indispensable when: 1️⃣ High-pressure gas is present in the well. 2️⃣ Unwanted foam is generated due to drilling fluid and gas interaction. 3️⃣ Effective separation of gas and liquid phases is crucial for safety. 💡 The Benefits: Enhanced Well Control: Oil foamers improve fluid handling and control. Cost Efficiency: Reducing foam can save time and resources during drilling. Safer Operations: Helps mitigate risks associated with foam-related pressure build-ups. 🎯 At the core, oil foamers streamline operations and enhance safety. As the demand for efficient, sustainable drilling continues to rise, understanding tools like these is more critical than ever. #OilAndGas #DrillingOperations #OilFoamers #SafetyInDrilling #WellControl #InnovationInEnergy

US oil and gas rig count posted a gain for the second consecutive week, with total rig count climbing to 589 for the week ending July 26, a gain of three vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Eagle Ford (+1), Bakken (+1) and All Other (+1), while the Permian (-1) and Gulf of Mexico (-1) both lost rigs. Total US rig count is down 24 in the last 90 days, and down 75 vs. this week a year ago. Oil-directed rigs climed to 482 this week (+5), while gas directed rigs stand at 101 (-1). https://lnkd.in/gKMQ7xCX

One definite area of growth in the oil sector is orphan well plugging and remediation. We may be drilling new wells more efficiently, but orphan well work is still manual and artisanal: https://lnkd.in/e7c5ts86