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Valor | Energy Connection – June 23, 2025

Valor

Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. active drilling rig 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

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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.

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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.

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Coterra Energy Q1 2025 Drilling Activity Review: Strategic Shifts and Regional Insights

Oil Gas Leads

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. .

Basin 52
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Electrifying the Permian

Permian Basin Oil and Gas Magazine

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.

Basin 59