Caturus Signs Multiyear Contract With Nabors to Deploy Onshore Drilling Rig
Caturus Energy has announced a multiyear contract with...
Caturus Energy has announced a multiyear contract with Nabors Industries for the deployment of the onshore drilling rig PACE-X Ultra X33.
Caturus executes long laterals and deep, high-pressure wells in complex subsurface settings across the Eagle Ford and Austin Chalk.
The rig recently mobilized to a Caturus pad in Live Oak County.
The PACE-X Ultra Rig X33 is billed as the most powerful onshore drilling system in the United States. The natural gas-powered walking rig has a 1 million pound mast and setback, racking capacity to 35,000 feet, three 2,000 horsepower mud pumps rated to 10,000 psi, torque of 65,000 foot pounds, 6,000 kW power generation, and 5.875 inch drillpipe. Caturus executives say the rig is roughly 25 percent more capable than existing fleets, enabling up to 4 mile laterals and vertical depths beyond 14,000 feet in high pressure, high temperature plays such as super-deep South Texas and the Haynesville.
Super-deep wells in the far western Haynesville north of Houston can cost more than $2,700 per lateral foot and comparably, in the super-deep Utica in Pennsylvania, more than $1,800 per lateral foot to drill and complete.
Portland and state of Oregon sue to block National Guard deployment
On Saturday, President Donald Trump said he ...
On Saturday, President Donald Trump said he authorized National Guard troops to “protect war-ravaged” Portland, OR, including an ICE detention facility there. Oregon Governor Tina Kotek, a Democrat, said she spoke with the president by phone on Saturday, and he told her that he received word of multiple fires in the city and the federal courthouse there being assailed. She said that he may have seen footage from 2020, filmed during riots following the death of George Floyd, that he thought reflected the present day. The Guardian paid a visit to downtown Portland on Saturday and reported “the city is placid, the farmers’ market was packed and…there were just four protesters on the sidewalk near the ICE field office.” The city and state filed the lawsuit yesterday, after the Pentagon called up 200 National Guard members.
Congress has until tomorrow night to prevent a government shutdown
President Trump plans to meet with congressional leaders today as Republicans...
President Trump plans to meet with congressional leaders today as Republicans and Democrats struggle to find common ground on a deal to keep the government open. Republicans want a clean stopgap bill, while Democratic leaders want to reverse recent Medicaid cuts and extend soon-to-expire Affordable Care Act subsidies. The two sides have until 12:01am ET on Wednesday to reach an agreement.
The jobs report is out on Friday: A potential government...
The jobs report is out on Friday: A potential government shutdown could delay things, but if the report is released, the Federal Reserve will be closely watching to see whether the data warrants additional rate cuts this year. Economists forecast that 43,000 new jobs were created in September and the unemployment rate will stay put at 4.3%. August’s Job Openings and Labor Turnover Survey (JOLTS) will also be released tomorrow, and information on jobless claims will be out on Thursday.
A gunman drove his truck into the LDS church in Grand Blanc Township, Michigan, shot worshippers, and set the building on fire. At least four have died, not including the gunman, who was killed by police.
An American citizen who had been detained in Afghanistan was released by the Taliban, Secretary of State Marco Rubio announced.
President Trump said he will speak at the Pentagon meeting of top US military officers, which Defense Secretary Pete Hegseth has planned for Tuesday.
US oil and gas rig count rises to highest since June
(Reuters) - U.S. energy firms this week added oil and natural gas rigs...
(Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since February, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose by seven to 549 in the week to September 26, its highest since June.
Despite this week's rig increase, Baker Hughes reported that the total count was still down 38 rigs, or 6% below the same time last year.
Baker Hughes said oil rigsrose by six to 424 this week, their highest since July, while gas rigs fell by one to 117, their lowest since July.
In the Permian Basin in West Texas and eastern New Mexico, the biggest U.S. oil-producing shale formation, the rig count fell by one to 253, the lowest since September 2021.
In the Utica play in Pennsylvania, Ohio and West Virginia, which along with the Marcellus makes up the Appalachia formation - the nation's biggest gas-producing shale basin - the rig count rose by one to 14, the highest since March 2023.
In Ohio, meanwhile, the rig count also rose by one to 13, the highest since February 2024. New Mexico and Louisiana also gained 1 rig, while Texas gained 4 new rigs. Oklahoma held steady at 42 rigs.
