Oilfield Technology

JUNE 20, 2025

The well was drilled to delineate the discovery confirmed in well 6507/5-10 S (Slagugle) and to perform a formation test to gain a deeper understanding of the reservoir properties and connectivity within the hydrocarbon-bearing layers. The Deepsea Yantai drilling rig, operating in a water depth of 341 m, was utilised for the drilling.

Exploration and Appraisal 52

Exploration and Appraisal Hydraulic Fracturing Exploration and Production Oil 52

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Civitas plans to run five drilling rigs and two completion crews in Permian Basin. The post Civitas expands Permian position with new assets in Howard, Glasscock, Upton appeared first on Permian Basin Oil and Gas Magazine. Forty percent of Permian activity is planned in Delaware Basin.

Basin 52

Basin Drilling rig Completion Barrel 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

1) The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drilling rigs, indicated the backlog of such wells is declining. The post DUC Hunt: What the 2025 Drawdown Means appeared first on Permian Basin Oil and Gas Magazine. Key takeaways of the report include the following. (1)

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Drilling rig Basin Operator Completion 52

Permian Basin Oil and Gas Magazine

MARCH 24, 2025

He founded Summit Petroleum with his son Matt in 2007 and oversaw planning and development of the familys recently completed Summit Center, a 20-acre office/retail/park complex in north Midland. Summit runs two-to-three drilling rigs and has a capital budget of about $250 million.

Petroleum 59

Petroleum Basin Drilling rig Field 59

Permian Basin Oil and Gas Magazine

MAY 19, 2025

Besides the need for more juice to drive drilling activity (yes, Im talking about electricity powered drilling rigs), electrification of completion, production, compression, and transport operations is also growing the increasing power demand in the region. Experts are scrambling to determine how to deliver that power.

Basin 59

Basin Natural Gas Gas Operator 59

Permian Basin Oil and Gas Magazine

MAY 5, 2025

Its Permian counties account for 95 percent of New Mexicos total production, with the rest coming from the San Juan Basin on the complete opposite side of the state. But Miller expressed doubt that the far left could ever be satisfied by anything short of the industrys complete demise. The Keep It in The Ground movement comes to mind.

Basin 59

Basin Oil Gas Barrel 59