Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output.
A second drilling rig, a second floating production platform and a gas pipeline are being considered for the next phase.
U.S. drilling contractor Helmerich & Payne exited the quarter with 171 active rigs, an increase of 10% from the first quarter. It anticipates exiting the current quarter with 175 active rigs, it said in a release.
Through its application of energy-efficient services in traditional oil and gas operations, Patterson-UTI is ensuring drillers are able to operate both sustainably and productively.
A sharp uptick in Permian Basin permitting indicates that operators are ready to ramp up drilling activity.
Liberty Oilfield Services and Tendeka's latest technologies and services help bring down the costs of drilling and completions.
DeltaTek's SeaCure technology provides stabbed-in inner string cement for casings and liners that will save operators time and money in field development operations.
After its first installation 25 years ago, multilateral wells have seen technological advancements in the North Sea that lessen environmental impact and increase productivity.
Schlumberger’s reservoir mapping-while-drilling services can be used to give operators clearer visuals into their wells and the challenges that befall them.