Drilling drops to 15-year low in Permian Basin and other U.S. oil patches. The number of active oil rigs in the U.S. fell to 176,…
Drilling Rigs
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EOG expects to have six rigs for the remainder of 2020
EOG Resources, Bill Thomas. Second Quarter and Full Year 2020 Forecast We entered this downturn in a position of operational and financial strength, and the…
The Drilling struggles and improvements
The drilling industry has seen a significant slowdown in the last quarter. With WTI Crude price struggling to stay above the $60 per barrel, drilling…