Remove Drilling rig Remove E&P Remove Midstream
article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.

article thumbnail

Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

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.) Both are privately held and have kept Oklahoma drilling activity robust through 2024–25.