Remove Basin Remove IT Remove Technician
article thumbnail

US Oil Rig Count Hits 3-Year Low – Baker Hughes

Oil Gas Leads

Geopolitical risks and regulatory overhangs (especially in key basins) are making capital allocation more conservative. The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience.

Oil
article thumbnail

Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70). Almost all of the production growth has come from the Permian Basin region. Oil production has jumped this year after hitting a record 13.2 million bpd in 2024, 2 percent more than the previous record set in 2023.

Gas
Insiders

Sign Up for our Newsletter

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

article thumbnail

Mach Natural Resources Expands into Permian and San Juan with $1.3B in Transformative Acquisitions

Oil Gas Leads

Mach is entering the Permian Basin and San Juan Basin , complementing its existing Mid-Continent operations. Ward , CEO of Mach: “These acquisitions are transformative… we significantly enhance our scale and gain strategic multi-basin positioning, all while maintaining a resilient balance sheet.”

article thumbnail

Top 5 Strategic Priorities for Permian Resources in 2025

Oil Gas Leads

With a strong footprint in the Delaware Basin and a management team unafraid to act decisively, the remainder of 2025 looks poised to deliver focused growth. As the shale sector enters a new phase defined by capital discipline, consolidation, and operational innovation, Permian Resources Corp.

E&P
article thumbnail

Total Drops to 537, Down 47 YoY – Baker Hughes

Oil Gas Leads

The Permian Basin and Texas, two of the most active drilling regions, also reported notable year-over-year declines, reflecting broader trends across the shale patch. July 14, 2025 U.S. drilling activity continues its downward slide, hitting its lowest level in nearly four years as operators scale back amid persistent market uncertainty.

article thumbnail

One Hundred Octopi and Counting: Lessons in Online Solids Management

Permian Basin Oil and Gas Magazine

Infra-red imaging can be used to estimate the height of solids inside the vessel (see Figure A) but is an inexact measurement and requires regular site visits by a skilled technician. Octopi in the Wild At the time of writing, over 150 Octopus units have been deployed across the Permian Basin. paraffins, waxes, and asphaltenes.)

article thumbnail

ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. million barrels per day (bpd) accounting for over 16% of the basins total production. energy production, contributing 6.26.3