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U.S. production growth to slow amid drilling decline, says EIA

Oil & Gas 360º

crude output is now expected to grow by 160,000 bpd this year to 13.37 Drilling rigs in the U.S. have been declining steadily and are hovering near four-year lows even as oil prices stabilized after plunging to multi-year lows on worries about global demand. The global benchmark is currently trading near $70 a barrel.

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U.S. oil production grows to 13.2 million b/d in 2024, Permian up to 6.3 million b/d

Permian Basin Oil and Gas Magazine

crude oil production grew by 270,000 barrels per day in 2024 to average 13.2 EIA reported, In 2024 the Permian region … produced more crude oil than any other region, accounting for 48 percent of total U.S. crude oil production. crude oil production. million b/d.

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

Despite the gradual decline in rig counts over the past two years, the U.S. Energy Information Administration (EIA) projects continued growth in both crude oil and natural gas output throughout 2025. crude production is expected to increase to approximately 13.6 million barrels per day (bpd), up from a record 13.2

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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Top 10 Oparators in Oklahoma by Wells Drilled (June 2025) Company Oklahoma Production Oklahoma CapEx Active Rigs (Drilling) Ovintiv ~91 MBOE/d (Q1 2025; ~55% liquids) ~$300–$325 MM planned 2025 ~1–2 rigs (added one in early 2025) Mach Natural Resources (Mach) ~86.7 Liquids” includes crude oil and NGLs.

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

This press release contains various references to the abbreviation boe which means barrels of oil equivalent. All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of natural gas to one barrel (bbl) of crude oil.

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Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells.

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What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6

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