Aresco

OCTOBER 25, 2023

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.

Downstream 52

Downstream Midstream Upstream Exploration and Production 52

Oil Gas Leads

JUNE 19, 2025

Strategic Takeaways Reinventing Legacy Plays Blackbeard’s YTD well count shows confidence in a basin most considered depleted.

Basin 52

Basin Consulting Drilling rig Completion 52

Oil Gas Leads

JUNE 14, 2025

The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Gas Forecast One of the most significant adjustments in the June forecast was a 700 MMcf/d reduction in the EIA’s 2026 U.S.

Basin 52

Basin Dry Gas BCF Operator 52

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.) Correspondingly, Ovintiv has budgeted roughly $300–$325 million of capital to Oklahoma (Anadarko) in 2025.

Operator 52

Operator Gas Oil Basin 52

Oil Gas Leads

MAY 7, 2025

” Tom Jorden, CEO Drilling, Rigs & Completions Permian activity will be lowered from 10 rigs to 7 in the second half of 2025 (30% drop). . “As our industry faces macroeconomic uncertainty and oil price headwinds, we believe it is prudent to reduce oil-directed activity at this time.”

Basin 52

Basin Energy Energy Oil 52

Oil Gas Leads

APRIL 21, 2025

Rig Activity: AKITA and Precision Lead The top-performing rig for Q1 2025 was AKITA 28 , logging 19 records , up from 12 in Q1 2024. Precision Drilling rigs also remained active, with Precision 300 and Precision 153 contributing 15 and 12 records , respectively.

Field 52

Field Basin Operator Oil 52

Oil Gas Leads

MARCH 15, 2025

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

Basin Utilities Exploration and Production Operator 52