Permian Basin Oil and Gas Magazine

JUNE 10, 2025

Count of active drilling rigs in U.S. There were 559 rigs in U.S. rig count from 587. It’s the lowest rig count since November 2021. The last reports by Baker Hughes of additional rigs were Feb. declined for the sixth straight week as of June 6, according to the latest weekly report from Baker Hughes.

Basin 52

Basin Drilling rig Oil Gas 52

Permian Basin Oil and Gas Magazine

MAY 30, 2025

The report said as of May 23 the latest weekly averages of active drilling rigs were 35.0 The post ExxonMobil leads in rig count in U.S. and Permian, Permian tops in frac crews appeared first on Permian Basin Oil and Gas Magazine. for ExxonMobil and 22.1 for Occidental. EOG Resources with 15.1, ConocoPhillips with 13.7,

Drilling rig 69

Drilling rig Basin Operator Petroleum 69

Permian Basin Oil and Gas Magazine

MAY 20, 2025

The count of active drilling rigs in Permian Basin declined again for the past week, according to Baker Hughes. In the report for May 16, there were 282 rigs in Permian down 3 from 285 a week ago and down 30 from 312 a year ago. Its Permians lowest count for 42 months since November 2021.

Basin 75

Basin Drilling rig IT Oil 75

Permian Basin Oil and Gas Magazine

APRIL 25, 2025

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. million b/d appeared first on Permian Basin Oil and Gas Magazine. million b/d.

Crude Oil 59

Crude Oil Drilling rig Oil Basin 59

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

The count of active drilling rigs in U.S. There were 593 rigs in U.S. (up Permian Basin reported 305 rigs (up 1 in past week, down 10 in past year). Texas was the only major producing state to report additional rigs last week up 2 to 282 in past week, down 17 from 299 year ago. 28 from Baker Hughes. The post U.S.

Basin 59

Basin Drilling rig Oil Gas 59

Permian Basin Oil and Gas Magazine

JUNE 3, 2025

Counts of active drilling rigs in Permian Basin and U.S. In the weekly report of May 30, there were 278 rigs in Permian Basin (down 1 from 279 one week earlier, down 32 from 310 a year earlier) and 563 in U.S. The post Permian rig count falls to 278; U.S. down 3 from 566 one week earlier, down 37 from 600 a year ago).

Drilling rig 52

Drilling rig Basin Oil Gas 52

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Civitas plans to run five drilling rigs and two completion crews in Permian Basin. The post Civitas expands Permian position with new assets in Howard, Glasscock, Upton appeared first on Permian Basin Oil and Gas Magazine. Forty percent of Permian activity is planned in Delaware Basin.

Basin 52

Basin Drilling rig Completion Barrel 52

Permian Basin Oil and Gas Magazine

APRIL 29, 2025

No new drilling activity was reported last week in Permian Basin, Texas and New Mexico, Baker Hughes said in its weekly report of April 25. count of active drilling rigs grew by 2 in the past week to 587 (613 year ago). Only Oklahoma (2) and California (1) reported new rigs last week.

Drilling rig 52

Drilling rig Basin Oil Gas 52

Permian Basin Oil and Gas Magazine

MAY 13, 2025

Baker Hughes weekly report of May 9 included an increase in the count of active drilling rigs in Texas for the first time since February. There were 273 rigs in Texas compared to 271 the previous week and 289 a year ago. 584 previous week, 603 year ago).

Drilling rig 52

Drilling rig Basin Oil Gas 52

Permian Basin Oil and Gas Magazine

APRIL 15, 2025

The counts of active oil and gas drilling rigs in Permian Basin, Texas, New Mexico and U.S. It was the sixth straight week of decline in Permian Basin, which reported 289 rigs (down 5 from 294 a week earlier, down 27 from 316 a year earlier). The post Rigs counts down in Permian, Texas, New Mexico, U.S.;

Drilling rig 52

Drilling rig Basin Oil Gas 52

Permian Basin Oil and Gas Magazine

MAY 6, 2025

Counts of active drilling rigs in Texas and Permian Basin from Baker Hughes continue to fall. As of May 2, there were 287 rigs in Permian Basin (down 2 from 289 last week, down 29 from 316 year ago) and 271 in Texas (down 3 from 274 last week, down 21 from 292 year ago).

Basin 52

Basin Drilling rig Oil Gas 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Count of active drilling rigs fell for the fourth straight week in Permian Basin, according to Baker Hughes in its weekly report of March 28. There were 297 rigs in Permian down from 300 the previous week and down from 316 a year ago.

Drilling rig 52

Drilling rig Basin Oil Gas 52

Permian Basin Oil and Gas Magazine

MARCH 18, 2025

Rig count in Permian Basin declined for the second straight week, according to the weekly report of March 14 from Baker Hughes. There were 301 active drilling rigs in Permian Basin down 3 from the previous week and down 4 from the 2025 high of 305 on Feb. A year ago, there were 294 rigs in Texas and 107 in New Mexico.

Basin 52

Basin Drilling rig Oil Gas 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

1) The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drilling rigs, indicated the backlog of such wells is declining. The post DUC Hunt: What the 2025 Drawdown Means appeared first on Permian Basin Oil and Gas Magazine. Key takeaways of the report include the following. (1)

Drilling rig 52

Drilling rig Basin Operator Completion 52

Permian Basin Oil and Gas Magazine

MARCH 24, 2025

Summit runs two-to-three drilling rigs and has a capital budget of about $250 million. Go to [link] The post Top Hand 2024: Honoring Our Own appeared first on Permian Basin Oil and Gas Magazine. Its January 2025 production is approximately 28,000 BOEPD.

Petroleum 59

Petroleum Basin Drilling rig Field 59

Permian Basin Oil and Gas Magazine

MAY 19, 2025

Besides the need for more juice to drive drilling activity (yes, Im talking about electricity powered drilling rigs), electrification of completion, production, compression, and transport operations is also growing the increasing power demand in the region. Experts are scrambling to determine how to deliver that power.

Basin 59

Basin Natural Gas Gas Operator 59

Permian Basin Oil and Gas Magazine

MAY 5, 2025

The Good News Despite the aforementioned headwinds, the nations second-leading oil and gas producer has practically doubled production since 2019, and as of this writing, New Mexico drilling rigs were at 111, up by five over the previous week and by three over the same period in 2024. His email address is fittoprint414@gmail.com.

Basin 59

Basin Oil Gas Barrel 59