Remove Drilling rig Remove E&P Remove Energy
article thumbnail

U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility

Oil & Gas 360º

(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. USEDC plans to run a dedicated drilling rig on the acquired acreage, making this acquisition a key component of USEDCs 2025 plan to invest up to $1 billion in U.S.

E&P 189
article thumbnail

Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.

Operator 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company.

article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry. It involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Key Processes: Exploration, reservoir analysis, drilling, well completion, and production.

article thumbnail

Texas Court of Appeals Rules on Permission Needed for Off-Lease Horizontal Drilling

The Energy Law

Anadarko E&P Onshore, No. The Agreement allowed Anadarko to place a drilling rig on the surface and to drill through the earth to form wells that open and bottom in the CWMA. 04-14-00903-CV , 2014 Tex. Lexis 8673 (Aug.

E&P 40
article thumbnail

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

Oil & Gas 360º

(World Oil) – Drillers in Canadas energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. Canada is the worlds fourth-largest oil producer and the fifth-largest gas producer,accordingto the International Energy Agency. ARC Resources Ltd.

article thumbnail

Liberty CEO Gusek sees modest impact of steel tariffs on oilfield services

Oil & Gas 360º

President Donald Trumps decision to impose tariffs on steel imports, Liberty Energy Chief Executive Ron Gusek said on Thursday. A Dallas Federal Reserve survey on Wednesday showed executives are concerned that the levies could drive inflation in the oilfield, and raise drilling costs. Energy Secretary in February.

E&P 130