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Horizontal Drilling in Legacy Rock Blackbeard is proving that the Central Basin Platform still holds significant potential. Strategic Takeaways Reinventing Legacy Plays Blackbeard’s YTD well count shows confidence in a basin most considered depleted.
Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
Here are the five biggest trends to watch: Permian Basin Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…… 1. In Q2 2025, the company dropped three drillingrigs and one completion crew, shaving $400 million off its capital budget.
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. Sources are cited in brackets.
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
Regional drilling activity remains mixed, with the Permian Basin and Eagle Ford experiencing slight declines, while other areas such as Oklahoma and Louisiana are showing growth. Overall Rig Count : The total number of active drillingrigs in the U.S. Oil Rigs : Fell by 1 to 486 this week.
For instance, one rig might report, TOOH f/xxx to BHA, while another writes, TOOH for DTF f/xxx. These inconsistencies make it difficult to compare performance across different wells and rigs. Without a standardized format for trips, drilling, rig moves, and downtime, cross-referencing and troubleshooting issues become much harder.
Rig Count: Holding Steady in the U.S. The company operated an average of 106 drillingrigs in the U.S. ” The strategy supports both emissions reduction and cost efficiency , aligning with increased demand for LNG-linked completions in gas basins like the Haynesville.
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