3 Oil & Gas Drilling Stocks Navigating a Volatile Market

The Zacks Oil and Gas - Drilling industry operates in a volatile environment, influenced by rig availability, contracting activity, and capital expenditures rather than commodity prices alone. A 5% decline in the U.S. rig count over the past year has slowed drilling momentum, raising concerns for domestic service providers. Meanwhile, offshore drilling demand remains strong, with high utilization rates and multi-year contracts supporting revenue stability. However, short-term imbalances in the Gulf of Mexic ...