Remove Drilling rig Remove Exploration and Production Remove Sustainability
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. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. oil and gas properties.

E&P 189
article thumbnail

Exploring the World of Drill Pipes: Vital Components in Oil and Gas Exploration

DIC Oil Tools

Drill pipes are the unsung heroes of the oil and gas industry, essential in the exploration and extraction of fossil fuels from deep within the earth. Let’s delve into what makes drill pipes so crucial and how they contribute to this complex process. What Are Drill Pipes?

Oil 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Innovations in Oil and Gas Production

Texron Operating

From Drill Bits to Drones: Innovations in Texas Oil and Gas Production Introduction: As the energy demand continues to grow, so does the need for more efficient and sustainable oil and gas production methods. As automation and AI transform production processes, machines will likely replace some jobs.

Gas 52
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
article thumbnail

BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

Oil Gas Leads

Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. billion (up from $1.2 billion, impacted by a $3.4

Oil 52
article thumbnail

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.

Gas 100
article thumbnail

Cactus Drilling: A Year-to-Date Look at U.S. Drilling Activity

Oil Gas Leads

The top provinces by record count are: Texas – 64 wells Oklahoma – 26 wells New Mexico – 15 wells Louisiana – 15 wells This data reflects where operators are focusing their drilling efforts and where Cactus Drilling has seen the highest demand.

Basin 52