BOP Products, LLC’s Post

What's Behind the Rise in U.S. Drilling Rigs? The total number of #drillingrigs actively exploring and producing #oil and #naturalgas in the United States increased to 585 for the week ending July 5. Breaking down the numbers, onshore drilling accounted for 562 rigs, slightly up from 560 the week before. Offshore #drilling also saw an increase, with 23 rigs operating compared to 21 in the previous week. Focusing on oil rigs, the count remained steady at 479, unchanged from the previous week, but still below last year's count of 540 and significantly lower than the peak of 1,609 seen in October 2014. Read more here: https://lnkd.in/g57bMZ-M

Factory model drilling represents a strategic approach to drilling operations that emphasizes efficiency, standardization, and continuous improvement to maximize productivity and minimize costs in the oil and gas industry. https://lnkd.in/gXwzvaaN

Transocean Secures Offshore Drilling Contract at $505,000 Day Rate   Offshore drilling contractor Transocean has announced securing an offshore drilling contract above the highly coveted $500,000 day rate mark amid continued demand for high-specification floaters. 🔽 Find more info in comments below 🔽 #Transocean #OffshoreDrilling #Contract #DayRate #HighSpecificationFloaters #OilandGas #CleanEnergy #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

For oilfield engineers out there! An important and informative document on the topic " Basics of Drilling, Completion & Workover Operations" Follow for more! Hosam Eldin Nabil Mohamed Abd El-All #oilfield #petroleum #drilling #completion #workover #wellstimulation #production #upstreamx #oilandgas

Big shout out to Wild well control for creating their wild well technical data book. It is one of the best I have seen in a long while, anyone new to the oil/gas industry, whether in drilling, completions, workover sectors should endeavor to get one. Produced by folks that are experienced in the industry. You want the best, Go Wild Well!

In the dynamic world of oil and gas drilling, the efficiency and safety of operations hinge significantly on the use of specialized drilling fluids. #AmericanMudPumps #oilgas #upstream #mudpumpparts #ProudDrillers

WOW - Short Read Full of Important Data on Efficiency and Cost Trends Important observation for drillers - "Wood Mackenzie estimates a 5% improvement in drilling efficiency equates to about 28 fewer rigs needed in the market". Like the bit industry of yore, we now have performance oriented drilling contractors generating differentiation for themselves that reduces total number of units. This is already impacting the number of wells per rig as well as feet drilled per day per rig delivering superior results across N America land. #spe #iadc #energy #oilandgas #drilling #automation

📊In 2023, Kayrros identified and monitored more than 23,801 drilling and completion/fracing activities carried out by over 376 companies across the main tight oil and gas basins in the US. Kayrros OpsTracker allows us to identify drilling rigs and frac crews on site, in near realtime. We constantly backtest our detections against publicly available data – ensuring maximum accuracy. One public source that we routinely use for backtesting is public company filings and quarterly reports from the SEC. For 2023, our near realtime detections were 99% accurate compared to long-lagged public company reports. Kayrros OpsTracker monitors E&P activity across all the principal US tight oil and gas basins, including the Anadarko, DJ-Niobrara, Eagle Ford, Permian, Williston, Appalachian and Haynesville basins. Compare our independently observed data with operator figures to verify the accuracy of corporate reports, analyze and benchmark the operational efficiency of your portfolio companies, forecast their production, optimize your capital allocation and improve your portfolio returns. Traders and investors depend on Kayrros OpsTracker for timely, accurate insights across all the metrics that count. Equipped with data of unrivaled quantity, they can make decisions with confidence. 👉Discover Kayrros OpsTracker. Book your demo now: https://lnkd.in/g4-3vbbd

In oil and gas drilling, the interaction between components in the wellbore is crucial for operational efficiency. Friction can impede casing/liner movement, leading to increased torque, drag, and the risk of differential sticking. Whilst, low friction coatings on centralizers are important for reducing friction, they must have proper wear resistance. Addressing this gap in knowledge is vital for optimizing drilling operations and ensuring wellbore integrity and we have kicked off the conversation with our new article: https://ow.ly/Yhil50RyKqp

🌍 Optimizing Efficiency and Sustainability in Onshore Drilling: A Look into the Drilling Fluids Market 🌍 In the ever-evolving onshore #oilandgas sector, drilling fluids play a pivotal role in enhancing operational efficiency, minimizing environmental impact, and ensuring the safety of #drilling activities. From conventional to eco-friendly solutions, drilling fluids have become essential for meeting today’s stringent performance and regulatory standards. 🔹 Key Insights: Rising demand for eco-friendly, non-toxic drilling #fluids 🌱 Advancements in drilling fluid formulations for improved performance and cost-efficiency 🔬 Growth driven by expanding #onshoreexploration activities and innovations in #fluidrecycling Our latest report provides in-depth insights into #markettrends, challenges, and innovations shaping the future of onshore drilling fluids. Don’t miss out on the key findings essential for stakeholders in #oilfield services and drilling operations. 📊 Access the full report here: https://lnkd.in/gb2-n_cj #OnshoreDrilling #DrillingFluids #Sustainability #MarketResearch #OilfieldServices #EnergyExploration #BusinessGrowth