Remove Basin Remove Drilling rig Remove Upstream
article thumbnail

Matador Resources Delivers Record Q2 2025 Results and Raises Full-Year Production Guidance

Oil Gas Leads

The Dallas-based independent energy company delivered exceptional performance across both its upstream and midstream segments, reaffirming its position as a leading player in the Delaware Basin. The strategic alignment between upstream and midstream continues to unlock margin resilience and operational flexibility.

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

Vicki Hollub: Leading Occidental and Shaping the Future of American Energy

Oil Gas Leads

Though she originally pursued music at the University of Alabama, her career path shifted after visiting a drilling rig—an experience that sparked a passion for engineering and led her into the oilfield. The company holds over 1 million net acres in the Permian Basin , the most productive shale play in North America.

Energy 52
article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.

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

Basin 40
article thumbnail

CNRL Drilling Trends: Q1 2025 Sees 6% Increase

Oil Gas Leads

Quarter-Over-Quarter Growth CNRL recorded 121 drilling activity records in Q1 2025 , up from 114 in Q1 2024. This 6% increase highlights CNRLs steady investment in upstream operations, even amid a broader environment of cautious capital spending.

Field 52
article thumbnail

BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

Oil Gas Leads

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 (up from $1.2 billion in Q4 2024) Pre-tax Earnings (RCPBIT): $4.5