Aresco

OCTOBER 25, 2023

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.

Downstream 52

Downstream Upstream Midstream Exploration and Production 52

Oil Gas Leads

JUNE 11, 2025

(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.)

Operator 52

Operator Gas Oil Basin 52

Oil & Gas 360º

APRIL 29, 2025

We think condensate is a good place to be in the next few years as oil sands diluent demand ramps up, Rix said. as well, where Precision Drilling Corp. a drilling rig contractor operating in Canada, the U.S. The trend may be playing out in the U.S.

Natural Gas 130

Natural Gas Gas Oil Condensate 130

Oil & Gas 360º

JUNE 11, 2025

But several shale companies have warned that weak oil prices would take a toll on output, with drillers including Diamondback Energy Inc. With fewer active drilling rigs, U.S. operators will drill and complete fewer wells through 2026, the EIA estimated. Already, the number of rigs drilling for crude in the U.S.

Oil 130

Oil Exploration and Production Drilling rig Barrel 130