Oil Gas Leads

APRIL 21, 2025

Canadian Natural Resources Limited (CNRL) posted strong drilling activity in Q1 2025, continuing a positive trajectory from the prior year. A review of operational data reveals several notable trends across rig deployment, field concentration, and drilling methodologiesshowing both consistency and strategic shifts in resource development.

Field 52

Field Basin Operator Oil 52

Permian Basin Oil and Gas Magazine

MARCH 24, 2025

A Top Hand has not only achieved success in his chosen field, but exhibits the finest qualities of leadership, stewardship, and community involvement. Summit runs two-to-three drilling rigs and has a capital budget of about $250 million. Its January 2025 production is approximately 28,000 BOEPD.

Petroleum 59

Petroleum Basin Drilling rig Field 59

Oil Gas Leads

JUNE 11, 2025

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.

Operator 52

Operator Gas Oil Basin 52

Oil Gas Leads

MARCH 11, 2025

For instance, one rig might report, TOOH f/xxx to BHA, while another writes, TOOH for DTF f/xxx. These inconsistencies make it difficult to compare performance across different wells and rigs. Without a standardized format for trips, drilling, rig moves, and downtime, cross-referencing and troubleshooting issues become much harder.

Gas 52

Gas Oil Operator Basin 52

Oil & Gas 360º

MAY 15, 2025

Field Operating Income is a common metric used in the oil and natural gas industry to assess the profitability and efficiency of the Companys field operations. The following table reconciles Field Operating Income to the nearest GAAP measure.

BBL 130

BBL Natural Gas Oil Operator 130

Aresco

OCTOBER 25, 2023

Key Processes: Exploration, reservoir analysis, drilling, well completion, and production. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. This includes both onshore and offshore activities.

Downstream 52

Downstream Midstream Upstream Exploration and Production 52

Drillers

MARCH 31, 2021

Category C: Drilling rigs capable of performing all well operations through marine riser and BOP. Category D: Production Drilling, with focus on completion and intervention needs. Type 1 and type 2 vessel-based approach provides cost savings compared to the contracting of a drilling rig. MODUs or cat.

Abandonment 52

Abandonment Workover Temporarily Abandoned Operator 52

Oil & Gas 360º

APRIL 23, 2025

In addition, we identified the opportunity to increase injection and production in the Oungre and Torquay fields by separating produced water from each formation, since combining the fluids creates an unusable emulsion. The full list of awardees can be accessed here: Financial Times Americas Fastest Growing Companies.

Gas 100

Gas Oil Exploration and Production BBL 100

Oil & Gas 360º

MAY 13, 2025

billion in investments was 29% below the previous quarter when it had atypical spending related to the giant Buzios offshore field, and the decline may bring relief to the market. Petrobras has asked Brazils environmental authority to respond to a request to move an offshore drilling rig to the environmentally sensitive area by May 15.

Oil 130

Oil Exploration and Production Drilling rig Offshore 130