Remove Condensate Remove Crude Oil Remove Drilling rig
article thumbnail

Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

(private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Liquids” includes crude oil and NGLs. Indeed, industry data indicates Ovintiv added an extra rig in Oklahoma early 2025 as gas prices improved.)

article thumbnail

What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6

Basin 40
Insiders

Sign Up for our Newsletter

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

article thumbnail

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

OUTLOOK During the second quarter, Western Canada is subject to spring break-up conditions, when the ground is too soft to mobilize drilling rigs or other heavy equipment due to melting snow. IP30 rates cited herein are comprised of over 97% light crude oil and just under 3% natural gas.

Gas 100
article thumbnail

Drillers in Canada shift to natural gas as trade war drives down oil prices

Oil & Gas 360º

The drillers arent just seeking natural gas, but rather the associated liquids such as condensate, which is blended with oil sands bitumen to allow it to flow through pipelines and commands stronger pricing than Canadian crude, Rix said. as well, where Precision Drilling Corp. The trend may be playing out in the U.S.