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Pantheon Resources spuds Dubhe-1 well in Alaska

Oilfield Technology

An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of natural gas. Please sign in or register for free. Already a member?

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SS-2H IP60 Flow Rate Sets Beetaloo Basin Record

Rigzone

“This result is a new Beetaloo Basin record and is more than double the previous IP60 record set by the SS-1H well in 2024,” Joel Riddle, Tamboran Chief Executive Officer, said in a stock filing. million cubic feet per day. million cubic feet per day (MMcf/d), a Beetaloo Basin record.

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Top 5 Diamondback Energy Trends to Watch in Late 2025

Oil Gas Leads

Permitting data reflects the shift : H1 2024: 466 new well permits H1 2025: 316 permits (–32% YoY) Diamondback has made it clear: it will flex spending up or down depending on market conditions. Capital Discipline in a Volatile Market Diamondback is putting efficiency ahead of expansion. Sustain profitability even in low-price environments.

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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

The newly acquired assets are actively being developed by leading operators, including Chevron and Civitas, who collectively account for more than half the wells spud in 2024. The high-quality operator footprint enhances production visibility and long-term value creation. billion in capital since its launch in 2020.

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SM Energy Slows the Drill Bit in 2025: What the Data Tells Us About Permian Rig Reductions

Oil Gas Leads

SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward. The results show a moderate but consistent pace of development, with several high-activity months in mid-2024. This is well below the monthly highs seen in 2024.

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ReconAfrica provides drilling update on Prospect I

Oil & Gas 360º

We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) ( Frankfurt : 0XD) (NSX: REC) announces a drilling update on Prospect I.

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Elk Range Royalties follows Permian acquisition with 250,000 net acres from Oxy

Permian Basin Oil and Gas Magazine

These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024. Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. Elk has deployed more than $1.2

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