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Report: Blackbeard leads horizontal drilling resurgence in Central Basin

Permian Basin Oil and Gas Magazine

Hart Energy reported recently that Fort Worth-based Blackbeard Operating is leading a horizontal drilling resurgence in Central Basin platform, “a legacy oil basin that’s drawing industry attention once again.” Blackbeard plans to operate four drilling rigs this summer.

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ExxonMobil leads U.S., Permian in rig count; Permian reports decline in permits

Permian Basin Oil and Gas Magazine

operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil reported 39 working rigs as of July 4 (weekly average of 36.9 for an increase of 1 rig from 35.9 Other leaders as of July 4 include ConocoPhillips with 27 rigs (weekly average of 26.4

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U.S. Energy Development acquires 20,000 net acres in Reeves, Ward counties

Permian Basin Oil and Gas Magazine

Energy Development Corp. Energy Development said the deal includes a proved producing component and expands the companys Permian holdings while increasing its multi-bench, multi-year drilling inventory. USEDC plans to run a dedicated drilling rig on the new assets. Fort Worth-based U.S. The post U.S.

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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. Please sign in or register for free.

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ExxonMobil leads in rig count in U.S. and Permian, Permian tops in frac crews

Permian Basin Oil and Gas Magazine

The report said as of May 23 the latest weekly averages of active drilling rigs were 35.0 Devon Energy with 13.0, Diamondback Energy with 12.6, Coterra Energy with 10.6 The post ExxonMobil leads in rig count in U.S. for ExxonMobil and 22.1 for Occidental. EOG Resources with 15.1, ConocoPhillips with 13.7,

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Derisking MPD operations

Oilfield Technology

From a health, safety and environmental (HSE) perspective, the integrated system mitigates the need for tandem lifts which minimises equipment damage risks and the amount of time drilling rig personnel are working in the red zone. Please sign in or register for free.

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U.S. oil production grows to 13.2 million b/d in 2024, Permian up to 6.3 million b/d

Permian Basin Oil and Gas Magazine

Energy Information Administration. Permian averaged 308 active drilling rigs in 2024 to account for more than half the rigs in operation (26 fewer rigs than in 2023). Even with the lower rig count, Permian production grew because well productivity improved. crude oil production. million b/d. The post U.S.