Oil Gas Leads

MAY 28, 2025

The company started the year with 9 active rigs , scaled back to 7 rigs by the end of Q1 , and plans to operate just 6 rigs for the remainder of the year. 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. August 16 6.3

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Oil Gas Leads

APRIL 28, 2025

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. Longer Laterals : Successful four-mile laterals at Poker Lake , reducing surface land disturbance and operational footprint.

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Basin Spud-in Operator Oil 52

Oil Gas Leads

MARCH 31, 2025

Some of the provinces most active operators are also those with the largest number of undrilled permits. Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. Want to know which operators and fields are sitting on the largest permit backlogs?

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Oil Gas Leads

MAY 19, 2025

Ryan Lance, ConocoPhillips Operators are drilling fewer wells, but doing so with purposeon multi-well pads, with simul-frac designs and AI-enhanced execution. Operators have tens of thousands of drilling locations that remain profitable even with WTI at or below $40. Its a factory model. Darren Woods, ExxonMobil Our U.S.

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Basin Supply Chain Operator Oil 52