U.S. day rates revive after December slumber

operators

All seven regions covered by the Enverus Day Rate Survey saw rates rise sequentially for the second time in three months in January as confidence started to strengthen among U.S. land drilling contractors.

OFS firms feel aftershocks after Saudis pull back expansion

ofs-blog

SLB has reaffirmed its 2024 financial guidance, part of an effort by international oilfield services companies to reassure investors after the Saudi Ministry of Energy called off plans to increase its maximum sustainable capacity by 1 MMbo/d to 13 MMbo/d by 2027.

Permian & Marcellus leaders dominate public producer rankings

enverus-blog-intelligence

Permian powerhouses and Appalachian gas juggernauts dominated the top 50 publicly traded oil and gas producers in the onshore Lower 48 market during 1H23, according to an analysis using Enverus Foundations data presented in the most recent issue of Upstream Pulse.

U.S. drilling day rates end slide with hopes for modest recovery

U.S. drilling day rates appear to have turned the corner, moving higher in November across all the Enverus Day Rate Survey’s seven regions amid cautious optimism as 2024 approaches. The U.S. composite rate rose $58 to $23,679 from October after sliding $840 over the previous five months. For the Permian, the composite increase was a […]

OFS providers bask in bright outlook for activity outside U.S.

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Enverus Intelligence Publications presents the news as it happens with impactful, concise articles, cutting through the clutter to deliver timely perspectives and insights on various topics from writers who provide deep context to the energy sector.

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