The premise of a jackup rig is that it is self-elevating; here, the legs are stationed on ocean floor and the drilling equipment is jacked up above the water's surface. Providing a very stable ...

The added rigs are evenly split, one oil-targeted, and one gas-targeted, bringing the respective totals to 481 and 101 rigs ...

U.S. drilling activity increased for the third consecutive week, with Texas adding the most rigs, according to Baker Hughes.

In response, someone took exception to my claim by stating that he works in the industry, and drilling rigs are stacking up. It is correct that the rig count has fallen. According to data from ...