Permian Basin Oil and Gas Magazine

APRIL 8, 2025

Permian Basin extended its losing streak to five weeks in Baker Hughes latest weekly drilling rig report. As of April 4, there were 294 active rigs in Permian Basin (down 3 from 297 previous week, down 23 from 317 year ago). The high count for Permian this year was 305 as of Feb. 592 last week, 620 year ago).

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Permian Basin Oil and Gas Magazine

MARCH 25, 2025

Count of active drilling rigs decreased for the third straight week in Permian Basin, according to the weekly report of March 21 from Baker Hughes. There were 300 rigs in Permian Basin down 1 from 301 the previous week and down 15 from 315 year ago.

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Permian Basin Oil and Gas Magazine

MAY 27, 2025

Permian Basin is following trends in Texas, New Mexico and U.S. with declining counts of active oil and gas drilling rigs. Baker Hughes said in its report of May 23 there were 279 rigs in Permian Basin down 3 from 282 in the past week and down 33 or 11 percent from 312 a year ago. Oklahoma is No.

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Permian Basin Oil and Gas Magazine

MAY 20, 2025

The count of active drilling rigs in Permian Basin declined again for the past week, according to Baker Hughes. In the report for May 16, there were 282 rigs in Permian down 3 from 285 a week ago and down 30 from 312 a year ago. Its Permians lowest count for 42 months since November 2021.

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Permian Basin Oil and Gas Magazine

APRIL 18, 2025

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. Fort Worth-based U.S.

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Permian Basin Oil and Gas Magazine

JUNE 10, 2025

Count of active drilling rigs in U.S. There were 559 rigs in U.S. rig count from 587. It’s the lowest rig count since November 2021. It’s the lowest rig count since November 2021. Also as of June 6, there were 275 rigs in Permian Basin (down 3 from 278 week ago, down 35 or 11.3 Oklahoma is No.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

The count of active drilling rigs in U.S. There were 593 rigs in U.S. (up Permian Basin reported 305 rigs (up 1 in past week, down 10 in past year). Texas was the only major producing state to report additional rigs last week up 2 to 282 in past week, down 17 from 299 year ago. 28 from Baker Hughes.

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Permian Basin Oil and Gas Magazine

MAY 6, 2025

Counts of active drilling rigs in Texas and Permian Basin from Baker Hughes continue to fall. As of May 2, there were 287 rigs in Permian Basin (down 2 from 289 last week, down 29 from 316 year ago) and 271 in Texas (down 3 from 274 last week, down 21 from 292 year ago).

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Permian Basin Oil and Gas Magazine

MARCH 18, 2025

Rig count in Permian Basin declined for the second straight week, according to the weekly report of March 14 from Baker Hughes. There were 301 active drilling rigs in Permian Basin down 3 from the previous week and down 4 from the 2025 high of 305 on Feb. leads with 50 (down 1) followed by Eddy, N.M.,

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Permian Basin Oil and Gas Magazine

MAY 30, 2025

Oil majors ExxonMobil and Occidental Petroleum are the top operators in Permian Basin, according to a report May 27 from Enverus. The report said as of May 23 the latest weekly averages of active drilling rigs were 35.0 The post ExxonMobil leads in rig count in U.S. for ExxonMobil and 22.1 for Occidental. Across the U.S.,

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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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Permian Basin Oil and Gas Magazine

APRIL 25, 2025

EIA said April 16 most of the growth came from Permian Basin. Permian averaged 308 active drilling rigs in 2024 to account for more than half the rigs in operation (26 fewer rigs than in 2023). Even with the lower rig count, Permian production grew because well productivity improved. crude oil production.

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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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Permian Basin Oil and Gas Magazine

MAY 13, 2025

Baker Hughes weekly report of May 9 included an increase in the count of active drilling rigs in Texas for the first time since February. There were 273 rigs in Texas compared to 271 the previous week and 289 a year ago. Leading Permian Basin counties Eddy (down 1 to 50) and Lea (down 3 to 43) in New Mexico both declined.

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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. The post Permian rig count falls to 278; U.S. dips to 563; Eddy County, N.M.,

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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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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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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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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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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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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). You just hit it with the stick and candy falls out of it.

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