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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%
July 21, 2025 After a 12-week decline, U.S. While oil rig counts continued to slip, steady activity in key basins like the Haynesville and a sharp uptick in states like Kansas signal a potential turning point for upstream operations heading into the second half of 2025. bpd (2025) Gas Output: EIA sees an increase to 105.9
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. Additionally, TIPRO points to recent data from the U.S. Oil production has jumped this year after hitting a record 13.2
June 30, 2025 The U.S. For the week ending June 28, 2025, the total active rig count dropped by 7 to 547 — a 6% decline year-over-year. Rig Count Summary – Week Ending June 28, 2025 Category Current Change (Week) Change (Year) Total Rigs 547 ▼ 7 ▼ 34 (▼6%) └─ Oil Rigs 432 ▼ 6 ▼ 47 (▼10%) └─ Gas Rigs 109 ▼ 2 ▲ 12 (▲12%) └─ Misc.
July 7, 2025 As the U.S. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling activity nationwide.
Image by shih-wei via iStock According to the Texas Independent Producers and Royalty Owners Association’s (TIPRO) analysis, direct Texas upstream employment for June totaled 205,400. 700K Industry Pros can’t be wrong. 700K Industry Pros can’t be wrong.
Total Consideration Funded via $762M in equity (Mach common units) and $525M in cash & credit facility borrowings Effective Date : April 1, 2025 Expected Close : Q3 2025 Strategic Impact Doubles Production Mach’s production will increase from 81 Mboe/d to 152 Mboe/d , with natural gas share rising from 53% to 66%.
June 9, 2025 U.S. 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 Here is a summary of the U.S.
As part of the service offering on this project, BEL Valves’ Service Technicians attended the site to remove the existing offshore valves and install the new valves in-line, the company said in the release. in [a] GBP 5 million ($6.7 700K Industry Pros can’t be wrong.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month. 700K Industry Pros can’t be wrong.
July 14, 2025 U.S. drilling activity continues its downward slide, hitting its lowest level in nearly four years as operators scale back amid persistent market uncertainty.
June 23, 2025 U.S. drilling activity continued its downward trend this week, with the total rig count falling by one to 554, according to the latest Baker Hughes report. Oklahoma saw a notable drop, losing two rigs to end the week at 47—despite being up from 35 rigs one year ago. Here is a summary of the U.S.
For Citizens Energy Group, a delighted customer surprised a technician by popping up behind him because she was so excited to know his exact arrival timeand to see him actually show up. Surveys and benchmarking revealed that customers wanted to know their technicians arrival times, so they could plan accordingly.
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
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. 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.
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
June 2, 2025 The U.S. rig count continued its downward trend last week, dropping by 3 rigs to 563 the lowest level since November 2021. Oil rigs led the decline, while natural gas rigs posted a slight gain. Oklahoma and the Marcellus/Utica region saw notable shifts, with mixed results across other key producing states.
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 bcfd in 2025 and 107.5 Gas drillers, in particular, may ramp up activity if prices rebound as expected in 2025.
April 21, 2025 After four consecutive weeks of decline, the U.S. rig count update from Baker Hughes as of the week ending April 17, 2025: National Overview Total U.S. million bpd in 2025 , even with falling spot prices. million bpd in 2025 , even with falling spot prices. Heres a structured summary of the latest U.S.
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.
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. Rig Count Trends Week Ending March 28, 2025 Overall U.S.
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.
Once completed, ECO Edison will house 60 American wind turbine technicians as they work offshore servicing and maintaining the Revolution, Sunrise, and South Fork Wind projects. The 262-foot-long SOV just reached 50% completion this April of 2023 after logging over 275,000 work hours. To date, the 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.
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.
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.
July 21, 2025 | Article Talent excellence presents a new industrial imperative in today’s production ecosystem, and leaders need a fundamental mindset shift to meet it. To explore them in more depthâand, particular, to learn about the fascinating talent innovations at Initiative sitesâread this 2025 white paper.
This lets Oil States technicians connect a new upper casing or wellhead to a stump of cut-out casing below the surface, to make a seal equivalent to the original premium casing connections in axial load and pressure sealing ratings. This means we are working with old well architecture and infrastructure that is at the end of its design life.
May 5, 2025 For the first time in three weeks, U.S. ExxonMobil reaffirmed its 2025 capital spending guidance of $27$29 billion. energy firms trimmed the number of active oil and gas rigs, signaling caution amid persistent price pressures and policy uncertainty. Still, major producers are standing firm.
June 30, 2025 | Article A pragmatic look at what general-purpose robots can—and can’t yet—do in the workplace. 3 Tanika Godbole, âRobots lose against humans in half-marathon,â Deutsche Welle, April 19, 2025. Skip to main content Will embodied AI create robotic coworkers?
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