Remove Basin Remove Drilling rig Remove Sustainability
article thumbnail

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

Oil & Gas 360º

The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. This landmark transaction marks the largest single acquisition in the companys 45-year history and significantly expands its total Permian Basin holdings. oil and gas properties.

E&P 189
article thumbnail

Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

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. We remain committed to disciplined capital deployment and maximizing shareholder value.

Operator 130
article thumbnail

Civitas expands Permian position with new assets in Howard, Glasscock, Upton

Permian Basin Oil and Gas Magazine

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.

Basin 52
article thumbnail

What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

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. million b/d. According to Wood Mackenzies forecast, the Permian is expected to add another 1.1

Basin 40
article thumbnail

Cactus Drilling: A Year-to-Date Look at U.S. Drilling Activity

Oil Gas Leads

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 drilling operations.

Basin 52
article thumbnail

CNRL Drilling Trends: Q1 2025 Sees 6% Increase

Oil Gas Leads

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.

Field 52