- Drill bit: The drilling bit is ... As for the pipe, oil and gas rigs use coiled tubing—a long flexible metal pipe that connects the derrick to the bottomhole assembly. This is the case across ...

When a main drill bit is added to the process, the task is known as "spudding in" and occurs on the "spud date." With offshore oil rigs, the spud date is when the drill begins working on the seafloor.

The company has built upon 15-year-old MIT technology. Startup makes seismic breakthrough that could change the way we drill for energy: 'It's mind-boggling' first appeared on The Cool Down.

As the Energy Information Administration reported Tuesday, the number of active oil rigs in the U.S. has fallen by nearly 70% since 2014, even as our production has continued to break records.

A rig worker received Mr. Tapp’s iPhone alert and tweaked the trajectory of a drill bit thousands of feet underground, to land more squarely in a sweet spot of rock filled with West Texas crude ...

What remains lies on what's known as the frontier: in water more than 5000 ft. deep. Enabled by new technology and the rising price of oil, petroleum companies are using rigs like the Boudreaux to ...

The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder ...