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Two days ago, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March 2025 (full copy below). There were 93 new horizontal wells spud (drilled) in 1Q25, a decrease of 7 wells (-7%) compared to 1Q24.
Oilfield Technology’s May/June 2025 issue The May/June 2025 issue of Oilfield Technology includes articles on reducing methane emissions, smart infrared technology, the challenge of torsional vibrations, flow control, upstream sensing, and water treatment. Please sign in or register for free.
wells), and applying AI to extract common themes, here are the top five trends transforming oil & gas strategy for the remainder of 2025. shale sector is innovating at every step: Permian Resources cut average cycle time by 16%, reaching just 13 days spud-to-release. It’s no longer about chasing barrels at any cost.
Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. million barrels of oil per day as of Q1 2025. oil production, delivering approximately 1.2–1.3 MMbbl/d) despite declining inventory in tier-one acreage.
2025 progresses, APA Corporation (NASDAQ: APA) is sharpening its focus on operational efficiency, disciplined capital deployment, and portfolio optimization. Development timelines are accelerating, with some blocks showing <14-day spud cycles. Key strategies include: Operating 8 rigs across the Midland and Delaware sub-basins.
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.
Tamboran also said it had commenced the three-well 2025 Shenandoah South Pilot Project drilling program with the spudding of the Shenandoah South 4H well. million cubic feet per day. million cubic feet per day. million cubic feet per day (MMcf/d), a Beetaloo Basin record. million cubic feet per day (MMcf/d), a Beetaloo Basin record.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Lakes Blue Energy Secures Funding for Wombat-5 Drilling by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:34 AM EST The funding is subject to Lakes' reinstatement to trading on the Australian Securities Exchange.
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.
Musuma-1 has been confirmed as the … Read More The post ZIMBABWE: Invictus Energy Selects Musuma-1 High-impact Well Location Set to Spud in H2 2025 appeared first on oilnewsafrica.
As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. “We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the spud date into Q2 2025, said Brian Reinsborough, President and CEO of ReconAfrica.
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. In February 2025, NGP and the Elk Range team established Elk Range Royalties III. billion in capital since its launch in 2020.
In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. 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.
(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-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
Detailed list of drilling rigs and Operators that spud wells in the Permian basin last 30 days. February 9, 2025). The report is updated weekly. Buy Now - Only $10 Primary Fields in the Report: Account Name The operator or company name (e.g., XTO Energy Inc.). Region The state or geographic region of the rig (e.g., Nabors X32).
(Oil & Gas 360) CALGARY, AB , April 10, 2025 /CNW/ – Reconnaissance Energy Africa Ltd. The results of the Naingopo exploration well announced in January 2025 increased our confidence in the potential for Prospect I. Prospect I is noted as location 63 in the NSAI report. (1)
Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. Looking Ahead If historical patterns hold, many of the 2023 and 2024 permits may turn into drilling activity in 2025 and beyond. The result? Whats Driving the Delay?
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