Host: Pat Hinds, Oil & Gas Industry Expert
Date: February 12, 2025
Time: 1pm CT (11am PT / 2pm ET)
The U.S. oil and gas landscape is shifting. According to the latest rig count data from Baker Hughes and Enverus, drilling activity has dropped to its lowest level since December 2021, with only 580 rigs currently active—a 40-rig decline from last year. Meanwhile, U.S. crude production has surged to a record-breaking 13 million barrels per day, showcasing a decoupling of production growth from drilling activity.
What does this mean for oil and gas operators? As industry leaders like Diamondback Energy pivot toward maximizing output from existing wells rather than relying on new drilling, operators are under pressure to boost well productivity, optimize efficiency, and remain competitive in a rapidly evolving market. As Kaes Vant Hof, President of Diamondback, aptly put it, “We’ve been drilling 300 wells a year here for eight years. We better get better at what we do.”
This webinar will explore key insights and strategies for operators, including:
- How to navigate industry trends that emphasize efficiency and well productivity over traditional drilling activity
- What declining rig counts mean for operational planning, including drilling, completions, and logistics
- Proven approaches to future-proof operations and maximize returns in a leaner, smarter production environment
- ...and much more!
About Pat Hinds:
Pat Hinds is a leading expert in the Oil & Gas industry, serving as a key contributor to OilGasLeads.com. He has authored insightful articles and analyses on the industry and has a deep understanding of market dynamics. Through his work, Pat provides valuable intelligence that aids businesses in navigating the evolving energy sector.
