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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. Executing Smart Bolt-On Acquisitions Permian Resources kicked off 2025 with a major $608 million acquisition from APA Corp., For 2025, the company is targeting a 7.8%
Mach is entering the Permian Basin and San Juan Basin , complementing its existing Mid-Continent operations. Ward , CEO of Mach: “These acquisitions are transformative… we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet.”
The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70). million barrels per day in the second quarter of 2025. Almost all of the production growth has come from the Permian Basin region. Oil production has jumped this year after hitting a record 13.2
July 7, 2025 As the U.S. Geopolitical risks and regulatory overhangs (especially in key basins) are making capital allocation more conservative. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling activity nationwide.
June 9, 2025 U.S. 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 million bpd (record) 2025: 13.4 million bpd (record) 2025: 13.4
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.
Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.
Devon Energys first-quarter 2025 results reflect a disciplined, high-performance approach to drilling and capital deployment. Devon Drilling Activity by State (Q1 2024 vs Q1 2025) Drilling shifted significantly across Devons asset base. per Boe, total production cost at $12.42 per Boe, total production cost at $12.42
April 14, 2025 The U.S. oil and gas rig activity , based on the Baker Hughes rig count for the week ending April 11, 2025: National Rig Count Summary Total U.S. The Permian Basin is seeing output contraction and rig pullback despite being the top U.S. Heres a concise summary of the latest U.S. million bpd ( from 6.57
April 7, 2025 As the oil and gas industry continues navigating price volatility and shifting capital strategies, the latest rig count data from Baker Hughes and Enverus reveals a mixed picture. The Permian Basin, in particular, saw a notable drop, reaching its lowest rig total since February 2022.
March 17, 2025 The U.S. Natural Gas Outlook: The EIA forecasts a 73% increase in gas prices in 2025 , which could incentivize more drilling after a 14% price drop in 2024. bcfd in 2025 and 107.5 Gas drillers, in particular, may ramp up activity if prices rebound as expected in 2025. bcfd in 2024 to 105.2 bcfd in 2026.
May 19, 2025 As the U.S. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025. bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M
March 24, 2025 The U.S. oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025. Energy Information Administration (EIA) projects continued growth in both crude oil and natural gas output throughout 2025. million bpd in 2025.
April 28, 2025 U.S. drilling activity showed a modest rebound this week, with energy firms adding rigs for the second consecutive week the first such streak since February 2025. Rig Count Summary Week Ending April 25, 2025 Overall U.S. Baker Hughes revised their 2025 U.S. Oklahoma is a bright spot with +10 rigs YoY.
March 31, 2025 The U.S. oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Overall Rig Count : Total U.S.
March 10, 2025 The U.S. Production and Market Outlook for 2025 Despite the overall rig count decline, production forecasts remain bullish : The EIA projects that U.S. million bpd in 2025. billion cubic feet per day (bcfd) in 2025 , up from 103.1 crude oil production will rise from a record 13.2 bcfd in 2024.
A third issue for him is that, in basins like the Permian, CCUS projects inject into oil formations that are no longer viable for productionat least, not with todays technology and pricing. The project is on task to basically meet its original start-up schedule of mid-2025, said an Occidental spokesman in an email interview.
May 5, 2025 For the first time in three weeks, U.S. The Permian Basin , the largest shale oil-producing region, lost two rigsbringing the total to 287, the lowest since December 2021. ExxonMobil reaffirmed its 2025 capital spending guidance of $27$29 billion. Still, major producers are standing firm.
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