Halliburton and Sekal Deliver Revolutionary Drilling System to Equinor

Halliburton Company HAL and Sekal AS recently made a technology breakthrough in upstream oil operations by deploying the world’s first automated on-bottom drilling system. The automation breakthrough was achieved by integrating Halliburton’s LOGIX™ automation, Sekal’s DrillTronics® and an advanced rig automation control system that allows real-time drilling optimization with the push of a button. By leveraging real-time models of subsurface conditions and fluid dynamics, the system ensures precise well placement while maintaining safety and efficiency.The companies teamed up to deliver a cutting-edge well for Equinor ASA EQNR on the Norwegian Continental Shelf. The well, with an integrated closed-loop control solution, orchestrates autonomous directional drilling with automated wellbore hydraulics and dynamic surface drilling rig equipment control.The Future of Autonomous DrillingThis successful deployment highlights the viability of automated drilling technology in the oil and gas industry. With the solution that includes LOGIX orchestration, auto-steering, vibration mitigation and hole cleaning optimization, Halliburton, currently carrying a Zacks Rank #5 (Strong Sell), and Sekal have proven that the future of drilling automation is here. As the leading technology providers revolutionize innovation, automated drilling is set to redefine efficiency, safety and performance in energy exploration.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Overview of HAL’s LOGIX™ Automation and Remote OperationsHalliburton’s LOGIX™ automation and remote operations offer digital transformation of drilling solutions to reduce operational risks and deliver wells reliably, repeatably and consistently. LOGIX® drilling performance delivers a fully integrated autonomous drilling solution, ensuring precise well positioning, consistent smart well execution and superior drilling efficiency. The platform seamlessly integrates real-time steering controls, collision avoidance and visualization while autonomously mitigating drilling dysfunctions to optimize penetration rates.Key PicksInvestors interested in the energy sector might look at some top-ranked stocks like Repsol, S.A. REPYY and Prairie Operating Co. PROP.Repsol explores, develops and produces crude oil products and natural gas, and transports petroleum products, liquefied petroleum gas and refined petroleum. REPYY’s expected EPS (earnings per share) growth rate for the next year is 17%, which aligns favorably with the industry growth rate of 13.10%.Houston-based Prairie Operating is an independent energy company engaged in the development and acquisition of proven, producing oil and natural gas resources principally in the United States. The Zacks Consensus Estimate for PROP’s 2024 earnings indicates 81.19% year-over-year growth.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report Repsol SA (REPYY): Free Stock Analysis Report Prairie Operating Co. (PROP): Free Stock Analysis Report Equinor ASA (EQNR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks