The Q2 2026 outlook for the drilling oil and gas wells industry reflects a market that is gaining regulatory support while still facing labor, legal, and commodity-related uncertainty. According to Vertical IQ, sales for U.S. oil and
The first quarter of 2026 brought cautious improvement to the drilling oil and gas wells industry. Activity levels strengthened from late 2025, but operators continued to balance new project opportunities against commodity price uncertainty, regulatory questions, and
Support is building for long-overdue permitting reform in the oil and gas sector, as industry leaders rally behind the proposed SPEED Act. This quarter, we’ve seen a blend of cautious optimism and persistent challenges in the drilling
The second quarter of 2025 brought renewed volatility to the drilling and oil & gas services sector as political uncertainty and shifting trade policy put pressure on both costs and investor confidence. While the long-term industry outlook
Producer Prices Plateau Producer prices for oil and gas drilling services remained flat in December compared to a year ago after posting a previous flat December-versus-December annual comparison, according to the latest US Bureau of Labor Statistics
Rising Producer PricesProducer prices for oil and gas drilling services rose 3.3% in July compared to a year ago after rising 5.1% in the previous July-versus-July annual comparison, according to the latest US Bureau of Labor Statistics
Declining Rig Count Sapping Demand For ServicesA declining rig count, consolidation in the energy sector, and weak natural gas prices are sapping demand for oil field services in the nation's oil patch, The Wall Street Journal reports.
Prices Flat Amid Rising Labor CostsThe Producer Price Index for oil and gas well drilling services was relatively flat in March compared to a year ago (down 0.3%) after rising 9.2% in the previous annual comparison, according
