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

Oil & Gas 360º

This transaction greatly enhances the overall quality and resilience of our portfolio, supplementing our reserves with additional proved producing assets, adding years of multi-bench drilling inventory, and expanding our operated economies of scale, said Jordan Jayson, CEO and chairman of USEDC. oil and gas properties.

E&P 189
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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
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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.) For instance, in 2021–22 when public, Continental was spending nearly half its drilling budget in Oklahoma.

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

Oil & Gas 360º

as well, where Precision Drilling Corp. a drilling rig contractor operating in Canada, the U.S. and the Middle East is seeing interest in gas-directed drilling in the Haynesville formation and Marcellus, Chief Executive Officer Kevin Neveu said on an earnings call last week. The trend may be playing out in the U.S.