BAKER HUGHES CACTUS CREATE JOINT VENTURE FOR SURFACE PRESSURE
Baker hughes drill rig count
The total number of active drilling rigs in the United States increased by 7 to 544 rigs this week, according to Baker Hughes. The rise was primarily driven by a gain of 9 gas rigs, reaching a total of 117, while oil rigs fell by 2 to 422. [pdf]FAQS about Baker hughes drill rig count
What is the Baker Hughes rig count?
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
How many rigs did Baker Hughes add?
We finally saw some relief last week for the Baker Hughes U.S. rig count, which added rigs for the first time in three months (12 weeks). The U.S. count added seven rigs and now stands at 544 active rigs. However, it was gas-focused rigs that saved the day.
Why did Baker Hughes rig count fall 5% in 2024?
Baker Hughes’ rig count fell 5% in 2024 following a 20% plunge in 2023. Drilling activity started 2025 the way it ended 2024: locked in a very narrow trajectory. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was at 589 rigs for a fourth consecutive week. That’s down 32 rigs or 5% from 621 rigs counted last year.
Why are Baker Hughes rig counts important?
Because they have been compiled consistently for 70 years, Baker Hughes Rig Counts also are useful in historical analysis of the industry. The working rig location information is provided in part by Enverus.
How many rigs are drilling for natural gas?
The number of rigs drilling for natural gas was down three rigs to 83 and is down 55 rigs or 40% from 138 last year. ExxonMobil continues to lead the top 10 public companies by rig count with 35 rigs, down one for the week. ConocoPhillips remains in second, unchanged at 34 rigs, and Occidental Petroleum was also unchanged at 30 rigs.
How did the oil rig count compare to gas rigs?
Oil rigs rose by 2 to 414 during the week, while gas rigs dropped 1 to 118 and 5 rigs remained classified as miscellaneous. The total rig count was down 45 rigs, or 7.7% compared to the same time last year, while the oil rig count was down by 69 rigs, or 14.3%, and gas rigs gained 24, or 25.5% from a year earlier.
Cactus drilling new rig
Rig 169 will be drilling in the Anadarko Basin in the Texas Panhandle for Tecolote Energy headquartered in Tulsa. “Rig 169 is a fit-for-purpose, tier 1 AC drilling rig that is ideally-equipped for multi-well pads and extended laterals,” said Josh Simons, Cactus’ Vice President of Operations. [pdf]FAQS about Cactus drilling new rig
What is a cactus rig 172?
Cactus Rig 172 is an 1,800-horsepower AC-driven land drilling rig operated by Cactus Drilling, the largest privately held U.S.-based land drilling contractor. The rig is an Alta ARS-1813 model, classified under Cactus Drilling’s “ROCKET” series, which is designed for high-performance drilling operations. Total Wells Drilled
How many cactus rigs have been drilled this year?
As of this year, a total of 120 wells have been drilled by Cactus rigs, demonstrating strong industry demand and continued investment in drilling operations. Below, we break down the latest data, highlighting top trends in drilling activity by province, operator, county, and rig utilization.
Who is cactus drilling?
Cactus is a mid-size, U.S. domestic land drilling contractor providing quality people operating premium rigs to deliver safe and reliable results. As of March 2025 Cactus Drilling has drilled 120 wells year-to-date across Texas, Oklahoma, New Mexico, and Louisiana, with Texas leading at 64 wells.
Who uses cactus drilling rigs?
Several major oil and gas operators are leveraging Cactus Drilling rigs for their exploration and production programs. The top 10 operators by record count include: Drilling activity remains concentrated in specific counties with high levels of oil and gas production.
Where are cactus drilling rigs located?
Coterra Energy is the top operator with 23 wells, and Lea County, NM, is the most active drilling location with 9 wells. The most utilized rigs include Cactus 162 and Cactus 140, each drilling 7 wells, reflecting strong and consistent demand for Cactus Drilling’s services.
What are the key trends in Cactus drilling?
The data highlights several important trends in U.S. drilling: Strong activity across multiple provinces, reflecting a broad and sustained demand for drilling services. A diverse set of operators utilizing Cactus Drilling, ranging from major industry players to smaller independents.
