Oil Gas Leads

MAY 11, 2025

Conocos Lance emphasized: We have decades of inventory below our $40 per barrel WTI cost of supply threshold. Travis Stice explained Diamondbacks recent CapEx pivot: Taking $400 million out of our capital budget and three drilling rigs and one frac spread allowed us to maximize the CapEx reduction while minimizing volume impact.

Consulting 52

Consulting Operator Management Drilling rig 52

Rextag

JUNE 2, 2025

Permian Growth Isnt OverYet Despite a reduction in drilling rigs driven by weaker oil prices, production in the Permian is still increasing. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI).

Basin 40

Basin Exploration and Production Condensate Oil 40

Oil & Gas 360º

MAY 15, 2025

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. and www.strathconaresources.com.

BBL 130

BBL Natural Gas Oil Operator 130

Oil & Gas 360º

APRIL 23, 2025

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.

Gas 100

Gas Oil Exploration and Production BBL 100

Rig Skills

FEBRUARY 26, 2019

Oil and gas rotary drilling rig have several tools at rig floor for handling drill string various components. Rig floor is a platform which provide work space for crew member for tripping drill pipe into or out of wellbore. BOP trolley It is located below rig, mounted on track guide.

Drilling rig 52

Drilling rig Casing Operator IT 52

Oil & Gas 360º

MAY 13, 2025

shale operators who need more than $60 a barrel to cover costs, Petrobrass breakeven price is $28 a barrel. Crude recently tumbled below $60 a barrel on fears that the trade war could weigh on energy demand, and after OPEC+ members decided to add production to a market that appears to be over-supplied. Chevron Corp. Unlike U.S.

Oil 130

Oil Exploration and Production Drilling rig Offshore 130

Oil & Gas 360º

APRIL 29, 2025

West Texas Intermediate oil prices have fallen by about 20, to near $63 a barrel, since U.S. as well, where Precision Drilling Corp. a drilling rig contractor operating in Canada, the U.S. Our customers remain cautious regarding oil-directed drilling, he said. The trend may be playing out in the U.S.

Natural Gas 130

Natural Gas Gas Oil Condensate 130

Oil & Gas 360º

APRIL 17, 2025

If US oil futures dip into the $50s, however, companies are apt to start dropping drilling rigs, Gusek said. At most we probably feel modest ripples in activity levels. But it was premature, he said, to forecast how much production would slow. West Texas Intermediate rose 3% Thursday to $64.54 Liberty, formerly run by U.S.

Oil 147

Oil Drilling rig Energy Energy 147

Permian Basin Oil and Gas Magazine

MAY 5, 2025

Beyond just the percentage, the states absolute total barrels increased by more than any other, says the Fed. million barrels per day in New Mexico, compared with a rise of 0.4 million barrels per day in Texas. It’s a much higher percentage increase than that of second place Texass 7.9

Basin 59

Basin Oil Gas Barrel 59

Oil & Gas 360º

JUNE 11, 2025

With fewer active drilling rigs, U.S. operators will drill and complete fewer wells through 2026, the EIA estimated. Already, the number of rigs drilling for crude in the U.S. But several shale companies have warned that weak oil prices would take a toll on output, with drillers including Diamondback Energy Inc.

Oil 130

Oil Exploration and Production Drilling rig Barrel 130