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Report: Blackbeard leads horizontal drilling resurgence in Central Basin

Permian Basin Oil and Gas Magazine

Hart Energy reported recently that Fort Worth-based Blackbeard Operating is leading a horizontal drilling resurgence in Central Basin platform, “a legacy oil basin that’s drawing industry attention once again.”

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U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility

Oil & Gas 360º

(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. oil and gas properties.

E&P 189
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ExxonMobil leads U.S., Permian in rig count; Permian reports decline in permits

Permian Basin Oil and Gas Magazine

operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report. and Permian Basin. ExxonMobil reported 39 working rigs as of July 4 (weekly average of 36.9 for an increase of 1 rig from 35.9 rigs followed by Occidental with 22.0, In the U.S.,

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U.S. Energy Development acquires 20,000 net acres in Reeves, Ward counties

Permian Basin Oil and Gas Magazine

Energy Development Corp. said this week it acquired 20,000 net acres in Reeves and Ward counties in Permian Basin for $390 million from an undisclosed seller. Energy Development said the deal includes a proved producing component and expands the companys Permian holdings while increasing its multi-bench, multi-year drilling inventory.

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Top 5 Diamondback Energy Trends to Watch in Late 2025

Oil Gas Leads

As Diamondback Energy heads into the second half of 2025, the company stands at the intersection of consolidation, capital discipline, and operational transformation. Here are the five biggest trends to watch: Permian Basin Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…… 1.

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Valor | Energy Connection – June 23, 2025

Valor

Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. active drilling rig count fell by 1 to 554, marking a continued decline and sitting 34 rigs below the count from the same time last year. holds a key weapon in its massive shale energy output.

Energy 52
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Permian Basin Rig Report

Oil Gas Leads

Detailed list of drilling rigs and Operators that spud wells in the Permian basin last 30 days. XTO Energy Inc.). Region The state or geographic region of the rig (e.g., County The specific county where the rig is located. State/Province The state where the drilling is taking place (e.g.,

Basin 52