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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. CapEx = capital expenditures.

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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 said April 16 most of the growth came from Permian Basin. 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.

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

Rextag

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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Upstream Midstream Downstream – What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

The slight recovery in drilling activity comes amid a challenging environment of fluctuating oil and gas prices, ongoing market uncertainties, and shifting priorities among energy companies. Despite the gradual decline in rig counts over the past two years, the U.S. crude production is expected to increase to approximately 13.6

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EIA sees U.S. oil output slipping slightly during 2026

Oil & Gas 360º

But several shale companies have warned that weak oil prices would take a toll on output, with drillers including Diamondback Energy Inc. 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.

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