Oil Gas Leads

APRIL 28, 2025

ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.

Basin 52

Basin Spud-in Operator Oil 52

Oil Gas Leads

MAY 28, 2025

In a strategic move aligned with shifting commodity price dynamics, SM Energy is proactively reducing its rig count in the Permian Basin through 2025. SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward. August 16 6.3

Spud-in 52

Spud-in Basin Energy Energy 52

Oil Gas Leads

MARCH 31, 2025

Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. The result? Whats Driving the Delay?

Gas 52

Gas Oil Basin Spud-in 52

Oil Gas Leads

MAY 19, 2025

Key Metrics Value Implication Permian Base Decline 3040% annually Constant drilling needed Well Productivity Plateauing New wells Stability DUC Inventory Shrinking No cushion left Permian Output (20252029) +67 Bcf/d forecast Midstream banks on it Even modest slowdowns have a compound impact. Darren Woods, ExxonMobil Our U.S.

Basin 52

Basin Supply Chain Operator Oil 52