Barrel Drilling rig Sustainability 
OilPrice
JULY 22, 2025
The company is cutting back on drill rigs and frack crews as it nears its long-term target of 1 million barrels of oil equivalent per day, which it expects to sustain through 2040. We’re going from growth to cash generation,” said Bruce Niemeyer, president of Chevron’s shale business.
Oil Gas Leads
JUNE 11, 2025
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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Rigzone
AUGUST 5, 2025
Image by champc via iStock The number of active oil rigs in Saudi Arabia fell after several oil-field projects aimed at maintaining production capacity were completed, said Aramco Chief Executive Officer Amin Nasser. The active rig count is an important metric for analysts following global oil markets.
Permian Basin Oil and Gas Magazine
MARCH 4, 2025
24, Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in Permian Basin and our strong track record of execution in DJ Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day.
Oil Gas Leads
APRIL 29, 2025
billion in reserve equivalent to $10 per barrel of oil price sensitivity. per barrel for 2025 , reflecting a cautious outlook while retaining operational agility. Quarterly Drilling Activity Comparison Q1 2024 Activity Count: 52 wells Q1 2025 Activity Count: 56 wells Year-over-Year Change: +7.7% billion (up from $1.2
Oil & Gas 360º
MAY 15, 2025
billion in 2027 2029, before returning to sustaining expected capital of $0.8 This press release contains various references to the abbreviation boe which means barrels of oil equivalent. billion in 2027-2029, before returning to sustaining expected capital of $0.8 Capital expenditures are expected to average $0.9 $1.0
Rextag
JUNE 2, 2025
A Multi-Pronged Strategy to Sustain Growth Beyond Tight Oils Crown Jewel The transformation of the United States into a global energy powerhouse over the past two decades is inseparable from the fracking-led renaissance of the Permian Basin. million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d.
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