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PA IFO 1Q25 Report: Production Up 3%, NatGas Spot Price Up 117%

Marcellus Drilling News

Two days ago, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March 2025 (full copy below). There were 93 new horizontal wells spud (drilled) in 1Q25, a decrease of 7 wells (-7%) compared to 1Q24.

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OMV Petrom, Romgaz Spud First Well at Neptun Deep in Black Sea (Video)

Offshore Engineer

OMV Petrom and Romgaz have spud of the first well for development and production of the Pelican South and Domino natural gas fields in the Neptun Deep block as part

Spud-in 79
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Williston Basin White Paper

Oil Gas Leads

This report profiles 36 active operators —each of which has spud at least one new well since 2023 —providing a detailed look at production volumes, drilling activity, core acreage, and strategic focus. Infrastructure Limits Natural Gas Growth With natural gas production nearing 3.2

Basin 52
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ReconAfrica to accelerate drilling plan for Namibia exploration well

Oil & Gas 360º

As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. “We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the spud date into Q2 2025, said Brian Reinsborough, President and CEO of ReconAfrica.

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Lakes Blue Energy Secures Funding for Wombat-5 Drilling

Rigzone

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Lakes Blue Energy Secures Funding for Wombat-5 Drilling by Paul Anderson | Rigzone Staff | Thursday, June 19, 2025 | 2:34 AM EST The funding is subject to Lakes' reinstatement to trading on the Australian Securities Exchange.

Energy 62
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Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.

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ReconAfrica provides drilling update on Prospect I

Oil & Gas 360º

(Oil & Gas 360) CALGARY, AB , April 10, 2025 /CNW/ – Reconnaissance Energy Africa Ltd. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” Prospect I is noted as location 63 in the NSAI report. (1)