Monday, August 25, 2025

More Rigs Arrive in Texas

Rig count has fallen only once in the past 11 weeks—now sitting at 1,013 Drilling activity continued to rise last week, marking the eighth increase in nine weeks, according to the latest edition of Baker Hughes’ Rig Count. Eight rigs moved to Texas this week, with the Lone Star State seeing a significant boost in drilling activity. The eight rigs

Schlumberger Says Sees Over-Capacity in U.S. Pressure Pumping Market

“We expect the market to remain close to being balanced in the coming quarters” Schlumberger (ticker: SLB) kicked off another oil and gas earnings season today, reporting net income of $530 million, or $0.38 per share. Schlumberger reported revenue of $7.8 billion in Q1 2018, down 4% sequentially but up 14% year over year. This trend occurs throughout Schlumberger’s earnings

Colorado Oil: Adams County Commissioners Vote to Put in a Temporary Moratorium on Oil & Gas Permit Applications- Oil & Gas 360

Niche Private Equity Firm Aims to Fill a Void with its Debut Upstream Fund

An exclusive OAG360 interview with Drillcore Founder and Managing Partner Evan Turner New York-based Drillcore Energy Partners launched its debut fund this week, a $250-million private equity fund targeting U.S. upstream. Drillcore said it seeks to allocate the capital raised from limited partners for its channel of proprietary deal flow. The firm is out of the gate with an inventory of pending