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Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Liquids” includes crude oil and NGLs.
shale oil production, is experiencing a significant pullback in drilling activity. According to our analysis, 24 drillingrigs that were active in the Midland region during 2024 have not returned to drill in 2025 — a clear signal that the slowdown is real and gaining momentum. West Texas, the heart of U.S.
In its Q2 2025 earnings report, the Appalachian-focused operator highlighted a 22-quarter streak of free cash flow (FCF) generation, strengthened operational performance, and bold ESG transparency initiatives that are setting new industry standards. Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025.
Matador Resources Company (NYSE: MTDR) has once again proven its operational and financial strength with a record-breaking second quarter in 2025. The company also confirmed its plan to operate eight drillingrigs by August, down from nine earlier in the year, while still planning to deliver record yearly lateral footage.
June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S.
As BPX Energy moves into the second half of 2025, the U.S. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Haynesville Basin: Holding Steady as Prices Recover Rig Activity: Currently running two rigs, BPX is monitoring natural gas pricing trends (~$4.40/MMBtu)
Seatrium has a strong track record of delivering vital projects for Brazil and Petrobras, including FPSOs, floating production units, Floating Storage Regasification Units, drillingrigs, and accommodation vessels, all pivotal to Brazil’s robust energy infrastructure. Petrobras).
As Diamondback Energy heads into the second half of 2025, the company stands at the intersection of consolidation, capital discipline, and operational transformation. After a whirlwind year defined by mega-acquisitions and volatile oil prices, the remainder of 2025 is all about execution.
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Rig Count – Number of rigs operating in the U.S. Wells Drilled 2023 – Total wells drilled in 2023.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for LA. Wells Drilled US Since 2021 – Total wells drilled in the US since 2021. Wells Drilled US 2023 – Total wells drilled in the US 2023.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for NM, This is a $30 oil & gas market intel bundle you receive at no extra cost. Wells Drilled US Since 2021 – Total wells drilled in the US since 2021.
Though she originally pursued music at the University of Alabama, her career path shifted after visiting a drillingrig—an experience that sparked a passion for engineering and led her into the oilfield. million bpd in 2025 , making the U.S. million bpd in Q2 2025 and is forecast to rise to 104.7
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Rig Count – Number of rigs operating in the U.S. Wells Drilled 2023 – Total wells drilled in 2023.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Rig Count – Number of rigs operating in the U.S. Wells Drilled 2023 – Total wells drilled in 2023.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Rig Count – Number of rigs operating in the U.S. Wells Drilled 2023 – Total wells drilled in 2023.
Purchase Now Bonus Market Intel When you purchase this list you will receive the most recent drillingrig, new well permits and wells drilled YTD reports for Grande Prairie. Rig Count – Number of rigs operating in the U.S. Wells Drilled 2023 – Total wells drilled in 2023.
After reporting record 2Q production of 209,013 boed (including 122,875 b/d of oil), Dallas-based Matador Resources said Tuesday it anticipates record annual production for 2025 without increasing budget. Matador increased 2025 guidance to 200,000-to-205,000 boed from 198,000-to-202,000 boed.
In its latest June 2025 Short-Term Energy Outlook , the U.S. The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. shale development. dry gas production outlook.
The services will be deployed from Esso-supplied facilities, intervention vessels, and drillingrigs, according to the release. Image by CoreDesignKEY via iStock Oceaneering International, Inc. 700K Industry Pros can’t be wrong. 700K Industry Pros can’t be wrong.
million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. With fewer active drillingrigs, U.S. operators will drill and complete fewer wells through 2026, the EIA estimated. Already, the number of rigsdrilling for crude in the U.S.
Managed pressure drilling (MPD) progressed deepwater operations by delivering a critical safety advantage for drilling the world’s most complex and challenging wells. Rather than repurpose legacy equipment, the riser joint is purpose-built to be a custom solution for more efficient MPD operations.
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.
Offshore drilling contractor Transocean has secured four new contracts and extensions for its semi-submersible rigs and drillships during the second quarter of 2025…
– July 15, 2025) – Lotus Creek Exploration Inc. (“Lotus Creek” or the “Company”) (TSXV: LTC) is pleased to provide an operations update and announce a new Corporate Presentation has been posted to the website. Calgary, Alberta–(Newsfile Corp.
Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drillingrigs since its previous fleet status report published mid-February 2025
QA/QC Drilling at Selebi Mine Project was completed by Mitchell Drilling of Botswana utilizing a Sandvik UDR1500 and a Boart Longyear LF-160 diamond drillrig. Drill core samples (47.75mm NQ) are cut in half by a diamond saw on site. Half of the core is retained for reference purposes. Samples are generally 1.0
plans to drop one of its nine drillingrigs by the middle of the year in response to plunging crude prices. Texas shale-oil company Matador Resources Co.
USEDC plans to run a dedicated drillingrig on the acquired acreage, making this acquisition a key component of USEDCs 2025 plan to invest up to $1 billion in U.S. These factors position USEDC for sustained, efficient growth and reinforce our commitment to delivering long-term value for our partners. oil and gas properties.
12 a report that analyzes recent inventories of drilling uncompleted wells (DUCs) and the implications for 2025 budgets. 1) The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drillingrigs, indicated the backlog of such wells is declining.
Devon Energys first-quarter 2025 results reflect a disciplined, high-performance approach to drilling and capital deployment. Lets break down what Devon said and did across drilling , efficiency , and regional execution. per Boe, total production cost at $12.42
CALGARY, AB, May 5, 2025 /CNW/ –STAMPEDE DRILLING INC. (“Stampede“, or the “Corporation“) (TSXV: SDI) is pleased to announce that it has entered into a drilling equipment purchase agreement (the “Agreement“) with a private company (the “Purchaser“) providing for the sale (the “Transaction“) (..)
The United States Rig Report is a detailed list of drillingrigs active in the US last 30 days, one of the most prolific oil and gas-producing regions in the world. Purchase Full Rig Report – Only $10.00 Buy Now Heres a point-form summary of the drillingrig activity: Data Type : U.S.
Canadian Natural Resources Limited (CNRL) posted strong drilling activity in Q1 2025, continuing a positive trajectory from the prior year. Quarter-Over-Quarter Growth CNRL recorded 121 drilling activity records in Q1 2025 , up from 114 in Q1 2024.
BP recently released its first quarter 2025 results, offering insight into how it is navigating a volatile market while steadily executing its growth strategy. per barrel for 2025 , reflecting a cautious outlook while retaining operational agility. BPs internal planning assumptions currently model Brent crude at $71.50
Coterra Energy (NYSE: CTRA) released its Q1 2025 results with clear signals of capital discipline, operational focus, and strategic realignment amidst a volatile commodity environment. Below is a deep dive into the company’s drilling activity, capex decisions, rig utilization, and state-by-state footprint for the quarter.
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-DrillingRig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
Ensign T138 The Ensign T138 drillingrig is part of Ensign Energy Services’ fleet, a company renowned for its advanced drilling technologies and global operations. Ensign T138: Operational Highlights Drilling Activity : In 2024, Ensign T138 drilled 25 wells for Diamondback Energy, primarily in Martin County, Texas.
Detailed list of drillingrigs and Operators that spud wells in the Permian basin last 30 days. Region The state or geographic region of the rig (e.g., County The specific county where the rig is located. Activity Date The date of the rig activity (e.g., February 9, 2025). The report is updated weekly.
The Iraqi Drilling Company (IDC) has announced the successful drilling of 13 new oil wells and the rehabilitation of 53 others across various oilfields, covering the period from January to 21st April 2025. Source: Ministry of Oil) The post Iraqi Drilling Company Completes 13 New Wells first appeared on Iraq Business News.
Nabors Industries (NYSE: NBR) kicked off 2025 with a modest revenue uptick and a return to profitability, but behind the headline numbers lies a critical challenge facing the U.S. land drilling sector: rig churn. Drilling activity in Q1 2025 declined by nearly 12% compared to the same period in 2024. decrease U.S.
Patterson-UTI Energy (NASDAQ: PTEN) kicked off 2025 with a steady operational performance, a strategic focus on natural gas, and an unwavering commitment to drilling innovation. Revenue Recap: In Line With Expectations, Down From 2024 In Q1 2025, Patterson-UTI posted $1.3 Rig Count: Holding Steady in the U.S.
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