Oil Gas Leads

JUNE 19, 2025

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.

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Oil Gas Leads

JUNE 14, 2025

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.

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Basin Dry Gas BCF Operator 52

Oil Gas Leads

JUNE 11, 2025

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.

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Operator Gas Oil Basin 52

Oil Gas Leads

MAY 10, 2025

Ensign T138 The Ensign T138 drilling rig is part of Ensign Energy Services’ fleet, a company renowned for its advanced drilling technologies and global operations. Ensign T138: Operational Highlights Drilling Activity : In 2024, Ensign T138 drilled 25 wells for Diamondback Energy, primarily in Martin County, Texas.

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Basin Drilling rig Sidetracking Operator 52

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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Basin Drilling rig Completion Barrel 52

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. About Prairie Operating Co. Prairie Operating Co.

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Permian Basin Oil and Gas Magazine

JUNE 3, 2025

Counts of active drilling rigs in Permian Basin and U.S. In the weekly report of May 30, there were 278 rigs in Permian Basin (down 1 from 279 one week earlier, down 32 from 310 a year earlier) and 563 in U.S. Oklahoma is third among states with 52 rigs (down 1) followed by Louisiana and North Dakota with 30 each.

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Drilling rig Basin Oil Gas 52

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. Although the pace of growth is clearly slowing, the basin still offers significant upside potential.

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Basin Exploration and Production Condensate Oil 40

Permian Basin Oil and Gas Magazine

APRIL 29, 2025

No new drilling activity was reported last week in Permian Basin, Texas and New Mexico, Baker Hughes said in its weekly report of April 25. count of active drilling rigs grew by 2 in the past week to 587 (613 year ago). Only Oklahoma (2) and California (1) reported new rigs last week.

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Drilling rig Basin Oil Gas 52

Permian Basin Oil and Gas Magazine

APRIL 15, 2025

The counts of active oil and gas drilling rigs in Permian Basin, Texas, New Mexico and U.S. It was the sixth straight week of decline in Permian Basin, which reported 289 rigs (down 5 from 294 a week earlier, down 27 from 316 a year earlier). The post Rigs counts down in Permian, Texas, New Mexico, U.S.;

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Drilling rig Basin Oil Gas 52

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.

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Petroleum Basin Drilling rig Field 59

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Count of active drilling rigs fell for the fourth straight week in Permian Basin, according to Baker Hughes in its weekly report of March 28. There were 297 rigs in Permian down from 300 the previous week and down from 316 a year ago.

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Drilling rig Basin Oil Gas 52

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. 2) The Midland Basin depleted its inventory of excess DUCs the most over the past year, falling from two months to one. (3)

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Drilling rig Basin Operator Completion 52

Oil Gas Leads

MAY 7, 2025

Devon Energys first-quarter 2025 results reflect a disciplined, high-performance approach to drilling and capital deployment. 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.

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Oil Gas Leads

MAY 7, 2025

Below is a deep dive into the company’s drilling activity, capex decisions, rig utilization, and state-by-state footprint for the quarter. Quarterly Drilling Activity: 2024 vs 2025 Coterra drilled: 88 wells in Q1 2024 43 wells in Q1 2025 This marks a 51% year-over-year decline in Q1 drilling activity.

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Oil Gas Leads

APRIL 21, 2025

Rig Activity: AKITA and Precision Lead The top-performing rig for Q1 2025 was AKITA 28 , logging 19 records , up from 12 in Q1 2024. Precision Drilling rigs also remained active, with Precision 300 and Precision 153 contributing 15 and 12 records , respectively.

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Field Basin Operator Oil 52

Oil Gas Leads

APRIL 29, 2025

This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. billion in reserve equivalent to $10 per barrel of oil price sensitivity.

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Oil Exploration and Production Drilling rig Consulting 52

Oil Gas Leads

MARCH 15, 2025

Heres a look at the top-performing rigs: Patterson 345 9 wells Patterson 563 8 wells Patterson 572 8 wells Patterson 814 8 wells Patterson 876 7 wells Patterson 806 7 wells Patterson 812 7 wells Patterson 273 7 wells Patterson 247 6 wells Patterson 565 6 wells Conclusion Patterson Drilling continues to play a vital role in U.S.

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Drilling rig Basin Oil Operator 52

Aresco

OCTOBER 25, 2023

It involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. It also includes the distribution and sale of these products to consumers.

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Oil Gas Leads

APRIL 24, 2025

Patterson-UTI Energy (NASDAQ: PTEN) kicked off 2025 with a steady operational performance, a strategic focus on natural gas, and an unwavering commitment to drilling innovation. Rig Count: Holding Steady in the U.S. The company operated an average of 106 drilling rigs in the U.S. billion in Q1 2024.

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Natural Gas Gas Completion Rig Operator 52

Oil Gas Leads

MARCH 11, 2025

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.

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Gas Oil Basin Operator 52

Oil Gas Leads

MARCH 24, 2025

oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025. The report shows a modest rise of one active rig, bringing the total count to 593. Overall Rig Count : The total number of active drilling rigs in the U.S.

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Permian Basin Oil and Gas Magazine

MAY 19, 2025

The Permian Basin is a hotbed of activity, always answering a relentless demand for output, and as experts look ahead, the infrastructure needed to accommodate surging output comes squarely into focus. He says the Permian Basin region has seen a couple of gigawatts of average growth.

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Basin Natural Gas Gas Operator 59

Oil & Gas 360º

MAY 13, 2025

The company said last week that it discovered excellent quality oil at the Aram block in the deep-water Santos Basin. It also resumed onshore exploration in Brazils Bahia state after a six-year halt, with plans to drill 100 wells over the next five years. Petrobras will pay $2.1 billion USD (11.72 Expectations were for a $2.2

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Oil Exploration and Production Drilling rig Offshore 130

Permian Basin Oil and Gas Magazine

MAY 5, 2025

Geographically, the New Mexico side of the Permian Basin seems smallonly five of the regions 54 counties are there. But those fivemainly Lea and Eddyaccount for 29 percent of the Basins total production, according to figures from the U.S. Energy Information Administration (EIA). It was also a major contributor to the states budget.

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Basin Oil Gas Barrel 59

Oil & Gas 360º

JUNE 11, 2025

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. Already, the number of rigs drilling for crude in the U.S. saying production has already peaked.

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Oil Exploration and Production Drilling rig Barrel 130