Drilling Oil & Gas Wells

Drilling Oil & Gas Wells

Drilling Oil & Gas Wells companies under SIC 1381 provide turnkey drilling, directional and horizontal well services, casing, mud logistics, and downhole tools that help E&P operators bring hydrocarbons online. Typical customers span independent shale producers, majors, and national oil companies seeking cost-efficient rig uptime and faster spud-to-production cycles. Operators face major risks from commodity price swings, well control incidents, and tight regulatory oversight on well integrity, blowout preventers, methane emissions, and worker safety. In 2024-2025, activity is shaped by disciplined capital spending, longer laterals, automation of rigs and mud systems, digital well planning, and pressure to lower carbon footprints through electrified rigs and reduced flaring. Supply chain constraints for tubular goods and skilled crews remain watch points, while elevated day rates reflect tighter rig availability. For deeper context on financial performance, contract wins, and compliance disclosures, view live SEC filings on Earnings Feed.

Source: Earnings Feed research · Nov 23