Similar to contract drilling, pricing for pressure pumping largely depends on the supply-demand balance, with service firms generally commanding pricing power around 80% utilization. Patterson’s ...

Following several years of rampant oversupply, the US rig market has spent the past several quarters operating near maximum capacity utilization, supporting significantly increased day rates. Drillers ...

In engineering, precision tools are as crucial as the instruments a surgeon relies on to perform intricate surgeries with precision and high success rates. A recent study conducted by Sandia National ...

A proposal to hike Oregon’s well construction fees to shore up a regulatory budget shortfall has shone a spotlight on the problem of unlawful well drilling. House Bill 2808 would raise a variety of ...

Earnings Call Insights: Kolibri Global Energy, Inc. (KGEI) Q1 2025 Wolf Regener, President and CEO, opened by highlighting a 23% increase in production over the first quarter of 2024 and emphasized ...