This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.”
Oil and gas operators in nearby Permian Basin, a source of light pollution, also have adopted dark sky friendly lighting at drillingrigs and gas plants in west Texas. The post Oil, gas operators adopt dark sky friendly lighting to help reduce light pollution appeared first on Permian Basin Oil and Gas Magazine.
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.
Baker Hughes reported little new activity among operators in Permian Basin, Texas and New Mexico in its weekly report of drillingrigs for April 17. There were 289 rigs in Permian Basin (289 week ago, 318 year ago), 274 in Texas (274 week ago, 296 year ago) and 100 in New Mexico (100 week ago, 108 year ago).
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-DrillingRig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. USEDC plans to run a dedicated drillingrig on the acquired acreage, making this acquisition a key component of USEDCs 2025 plan to invest up to $1 billion in U.S.
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.
Detailed list of drillingrigs and Operators that spud wells in the Permian basin last 30 days. Buy Now - Only $10 Primary Fields in the Report: Account Name The operator or company name (e.g., Region The state or geographic region of the rig (e.g., County The specific county where the rig is located.
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.
Ensign T138 The Ensign T138 drillingrig 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.
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.
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 drillingrigs were 35.0 Other leading operators in Permian are Mewbourne Oil with 15.9, operator at 36.0
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.
Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. active drillingrig count fell by 1 to 554, marking a continued decline and sitting 34 rigs below the count from the same time last year. This addresses a billion-dollar problem, with one operator losing $1.1
EIA said April 16 most of the growth came from Permian Basin. Permian averaged 308 active drillingrigs 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. million b/d.
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.
12 a report that analyzes recent inventories of drilling uncompleted wells (DUCs) and the implications for 2025 budgets. DUCs provide operators with strategic flexibility, financial benefits, and operational efficiency, making them a crucial aspect of the industry’s dynamics.
Cactus Drilling remains one of the most active drilling contractors in the U.S., playing a crucial role in oil and gas development across key basins. As of this year, a total of 120 wells have been drilled by Cactus rigs, demonstrating strong industry demand and continued investment in drillingoperations.
Devon Energys first-quarter 2025 results reflect a disciplined, high-performance approach to drilling and capital deployment. With strong operational momentum, the company delivered above-guidance production and implemented early phases of its business optimization strategycutting capital while maintaining output.
Canadian Natural Resources Limited (CNRL) posted strong drilling activity in Q1 2025, continuing a positive trajectory from the prior year. A review of operational data reveals several notable trends across rig deployment, field concentration, and drilling methodologiesshowing both consistency and strategic shifts in resource development.
Coterra Energy (NYSE: CTRA) released its Q1 2025 results with clear signals of capital discipline, operational focus, and strategic realignment amidst a volatile commodity environment. Below is a deep dive into the company’s drilling activity, capex decisions, rig utilization, and state-by-state footprint for the quarter.
Patterson Drilling has had an active year in the U.S. so far, with a total of 440 wells drilled across multiple states. Below, we break down key insights from the data, including activity by province, the most active operators, counties with the highest drilling rates, and the top-performing rigs.
Accurate Daily Drilling Reports (DDR) are essential for optimizing drillingoperations, tracking costs, and ensuring project efficiency. Many rigs and drilling contractors have their own ways of recording data, leading to differences in terminology and missing key operational details.
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 drillingrigs in the U.S. energy sector.
Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. Oil Price Commentary Despite strong operational performance, BP acknowledged headwinds in the global oil markets. billion (up from $1.2 billion, impacted by a $3.4
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.
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.
shale operators who need more than $60 a barrel to cover costs, Petrobrass breakeven price is $28 a barrel. Two units are expected to reach capacity in the second quarter and a third is expected to begin operations. The company said last week that it discovered excellent quality oil at the Aram block in the deep-water Santos Basin.
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.
With fewer active drillingrigs, U.S. operators will drill and complete fewer wells through 2026, the EIA estimated. Already, the number of rigsdrilling for crude in the U.S. million, driven by a slowdown in the prolific Permian basin, the EIA said. saying production has already peaked.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content