Offshore Engineer

MAY 28, 2025

Canada-based oil and gas company Valeura Energy has completed an eight-well drilling campaign in license B5/27 in Gulf of Thailand with Borr Drillings Mist jack-up drilling rig

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Oil Gas Leads

JUNE 14, 2025

The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. The Eagle Ford won’t be a growth engine in that mix. dry gas production outlook. “We

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Basin Dry Gas BCF Operator 52

Oil Gas Leads

MAY 7, 2025

Lets break down what Devon said and did across drilling , efficiency , and regional execution. per Boe, total production cost at $12.42

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Drilling rig Energy Energy Engineer 52

Oil Gas Leads

MAY 6, 2025

This statement was followed by a planned reduction of three drilling rigs and one completion crew in Q2 2025, aligning with a $400 million cut to its full-year capital budget. The company remains agile, ready to ramp up or pull back based on pricing signals while continuing to return capital to shareholders.

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Oil Gas Leads

MAY 15, 2025

The company announced it would drop three drilling rigs and one completion crew in Q2 2025 , along with a $400 million reduction in full-year capital spending. In a volatile market, the drill bit slowsand spreadsheets take the wheel. That shift wasnt just wordsit came with action.

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Oil Gas Leads

APRIL 24, 2025

. “The first quarter unfolded largely as we anticipated, with steady drilling activity and a strong sequential rebound in completion demand,” said Andy Hendricks , CEO. Rig Count: Holding Steady in the U.S. The company operated an average of 106 drilling rigs in the U.S. energy sector.

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Natural Gas Gas Completion Rig Operator 52

Oil Gas Leads

JUNE 11, 2025

This plan represents a continued, albeit measured, program – likely equating to about 1–2 drilling rigs running. Indeed, industry data indicates Ovintiv added an extra rig in Oklahoma early 2025 as gas prices improved.) Correspondingly, Ovintiv has budgeted roughly $300–$325 million of capital to Oklahoma (Anadarko) in 2025.

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Operator Gas Oil Basin 52

Oil Gas Leads

MARCH 24, 2025

This report aims to provide a detailed analysis of the latest rig count data, production trends, regional activity, and market dynamics, offering insights into the evolving landscape of the U.S. Overall Rig Count : The total number of active drilling rigs in the U.S. Oil Rigs : Fell by 1 to 486 this week.

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Engineer Engineering Consulting Barrel 52

Oil Gas Leads

APRIL 29, 2025

Quarterly Drilling Activity Comparison Q1 2024 Activity Count: 52 wells Q1 2025 Activity Count: 56 wells Year-over-Year Change: +7.7% increase This uptick suggests a slight recovery in drilling confidence, despite a softer commodity price environment.

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Exploration and Production Oil Drilling rig Consulting 52

Oil Gas Leads

MAY 1, 2025

Rig churn placed pressure on utilization and operating expenses, stated CEO Anthony Petrello during the earnings call. Operating inefficiencies from elevated rig churn primarily led to the decline in daily margins. Land Drilling Squeeze: Insights from Nabors Q1 2025 Earnings appeared first on Oil Gas Leads.

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Consulting Drilling rig Operator Utilities 52

Oil Gas Leads

MAY 11, 2025

Travis Stice explained Diamondbacks recent CapEx pivot: Taking $400 million out of our capital budget and three drilling rigs and one frac spread allowed us to maximize the CapEx reduction while minimizing volume impact. When Prices Fall What Gets Cut and Why Even with resilience, operators are pulling back where necessary.

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Consulting Drilling rig Operator Management 52