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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70). Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024. million bpd in 2024, 2 percent more than the previous record set in 2023.

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Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes

Oil Gas Leads

Several major basins, including the Permian and Eagle Ford, recorded new lows. Capex trends : E&Ps to cut spending 3% in 2025 vs. 2024 2024: Flat spending 2023: +27%, 2022: +40%, 2021: +4% Crude Output Forecast (EIA) : 2024: 13.2 Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5.

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Top 5 Strategic Priorities for Permian Resources in 2025

Oil Gas Leads

With a strong footprint in the Delaware Basin and a management team unafraid to act decisively, the remainder of 2025 looks poised to deliver focused growth. Rigs like H&P 313 and H&P 375 have already drilled 50+ wells in 2024 across New Mexico and Texas. NYSE: PR) is charting a course that blends efficiency with upside.

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ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3

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Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. On the gas side , a projected 95% increase in spot prices in 2025 (per EIA) is expected to stimulate a rebound in drilling after a downturn in 2024. million bpd ( from 6.57 million bpd ( from 6.57 oil-producing region.

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Devon Energy Q1 2025 Drilling Review: Rig Count, Efficiency, and Regional Shifts

Oil Gas Leads

Devon Energy Quarterly Drilling Activity Drilling activity grew 20% year-over-year in Q1: Quarter Wells Drilled Q1 2024 99 Q1 2025 119 Bar chart: Devon Energy arterly drilling activity This increase aligns with stronger base performance and better-than-expected well results in the Eagle Ford and Rockies.

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Rig Activity Down, Production Up – May Rig Count Recap – Baker Hughes

Oil Gas Leads

bpd in 2024 to 13.4M bpd in 2024 to 13.4M bpd in 2024 to 13.4M Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S. bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2025 Gas production: Expected to increase to 104.9