Matador Resources beat expectations for Q1 adjusted earnings and revenues and announcing a $400M stock buyback program.

The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects ...

From preparing the worksite and checking equipment to following proper operational procedures, here are key steps to maximize safety for earth drilling jobs.

Much has changed in the Gulf Coast region in the years since the Deepwater Horizon blowout and oil spill. In this piece, ...

Drilling for oil is essential to the Permian Basin and across the country by powering the economy and providing workforce ...

In minerals exploration, drilling is typically contracted out to specialized companies whose costs are largely defined by ...

March, the spot price of WTI crude was almost $68/barrel. Oil fell to $55/barrel on April 9, after Trump announced on April 2 sweeping tariffs of at least 10% on 180 countries. Tariffs were paused on ...

Extending the lifespan of its existing rigs, ensuring maximum uptime and delivering consistent performances in the drilling ...

With moves into deeper waters becoming more common as the search for new hydrocarbons continues, the regulatory framework needs to change.

Headwinds in its energy equipment segment include rampant inventory cannibalization and overall reduced demand for new builds. Overexuberant investment in rig equipment throughout the 2010s left most ...

Automated exploration drill rigs are the next frontier for mining, but what innovation is emerging and is it happening fast ...

With the above developments, six rigs that were idle for part or the whole of 1Q25 are set to resume operations, laying the foundation for a significant improvement in utilisation, revenue and EBITDA ...