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24 Fewer Rigs in West Texas: A 2025 Slowdown in the Permian

Oil Gas Leads

shale oil production, is experiencing a significant pullback in drilling activity. According to our analysis, 24 drilling rigs that were active in the Midland region during 2024 have not returned to drill in 2025 — a clear signal that the slowdown is real and gaining momentum. West Texas, the heart of U.S.

Basin 52
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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

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.

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BPX Energy’s US 2025 Game Plan: Scaling Liquids, Efficiency, and Infrastructure in U.S. Shale

Oil Gas Leads

Rig Optimization: Despite fewer rigs (reduced from five to four), accelerated drilling speed and improved completion efficiency are keeping production targets intact. Compression Capacity: The Crossroads facility will help manage rising gas-to-oil ratios, enabling sustained high-rate production as reservoir pressure declines.

Basin 52
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Top 5 Diamondback Energy Trends to Watch in Late 2025

Oil Gas Leads

Here are the five biggest trends to watch: Permian Basin Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…… 1. In Q2 2025, the company dropped three drilling rigs and one completion crew, shaving $400 million off its capital budget.

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U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility

Oil & Gas 360º

This transaction greatly enhances the overall quality and resilience of our portfolio, supplementing our reserves with additional proved producing assets, adding years of multi-bench drilling inventory, and expanding our operated economies of scale, said Jordan Jayson, CEO and chairman of USEDC. oil and gas properties.

E&P 189
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Forum Shopping Curtailed: Venue Limited to Parish Where Drilling Rig Was Lost

The Energy Law

D&D alleged that Pritchard, an employee of Alliance, which XTO retained to operate the rig, failed to ensure that sufficient drilling mud was on hand at the rig, and that the lack of sufficient drilling mud caused a well blow out and subsequent fire that destroyed the rig in LaSalle Parish. 2d 12, 18-19 (La.

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New Phase to Add 1 Tcf Natural Gas to Zohr Reserves

Egypt Oil & Gas

The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project. For his part, Mowafi highlighted the longstanding partnership between Eni and Petrobel, which is evident in the future plans for the sustainability of natural gas production in the Zohr field.