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SM Energy Slows the Drill Bit in 2025: What the Data Tells Us About Permian Rig Reductions

Oil Gas Leads

SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward. SM Energy has parked two of its most active rigs : Rig Contractor Total Wells Avg Days Between Spuds Last Activity Rig 43 Latshaw 23 wells 16.5 wells by months end.

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Canada BC Oil & Gas: A Growing Backlog of Undrilled Well Permits

Oil Gas Leads

British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. The result? Whats Driving the Delay?

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ExxonMobil Hits 1,000 Wells in the Delaware Basin

Oil Gas Leads

ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin just seven years after the first spud in 2017. Oil & Gas Company Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.

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U.S. Shale’s Superpower Isn’t Geology — It’s Consistency

Oil Gas Leads

Key Metrics Value Implication Permian Base Decline 3040% annually Constant drilling needed Well Productivity Plateauing New wells Stability DUC Inventory Shrinking No cushion left Permian Output (20252029) +67 Bcf/d forecast Midstream banks on it Even modest slowdowns have a compound impact. Darren Woods, ExxonMobil Our U.S.

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