Basin Completion Drilling rig 
Oil & Gas 360º
APRIL 15, 2025
The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. oil and gas properties.
Permian Basin Oil and Gas Magazine
MARCH 4, 2025
Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Civitas said slightly more than half of total capital investments will be allocated to Permian Basin with the remainder to DJ Basin.
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Oil & Gas 360º
APRIL 2, 2025
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. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
Permian Basin Oil and Gas Magazine
MARCH 24, 2025
The award, which is the highest honor conferred by the PBPA each year, is given to acknowledge the tremendous contributions individuals have given to the oil and gas industry and the communities of the Permian Basin. Summit runs two-to-three drilling rigs and has a capital budget of about $250 million.
Oil Gas Leads
MAY 7, 2025
Lets break down what Devon said and did across drilling , efficiency , and regional execution. 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 per Boe, total production cost at $12.42
Permian Basin Oil and Gas Magazine
APRIL 1, 2025
1) The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drilling rigs, indicated the backlog of such wells is declining. 1) The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drilling rigs, indicated the backlog of such wells is declining.
Oil Gas Leads
MAY 7, 2025
” Tom Jorden, CEO Drilling, Rigs & Completions Permian activity will be lowered from 10 rigs to 7 in the second half of 2025 (30% drop). Two Marcellus rigs were added in April, focused on natural gas. Capital investment in the Permian will be cut by $150 million.
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