The company plans to run a dedicated drilling rig on the $390-million asset, incorporating it into its 2025 plans. In February, the company said it expects to deploy up to $1 billion in US oil and gas ...

U.S. Energy Development Corporation acquires 20,000 net acres in Texas, expands its credit facility, and plans significant ...

Like Texas, the Permian Basin was down three rigs to 294 rigs for the week and the lowest level since February 2022. The ...

CVX and XOM are aligning their Permian strategies with broader low-carbon goals but are taking slightly different paths to ...

The number of rigs drilling for natural gas rose by one rig to 97 rigs ... was the only producing state to see an increase. The Permian Basin was particularly hard hit, falling five rigs to ...

The rig count in the Permian Basin was down five this week, the latest count Friday by Baker Hughes shows, with 289 rigs active in the region. A year ago, 316 rigs were active in the region.

The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 294 rigs active in the region. A year ago, 317 rigs were active in the region.

IOG Resources II LLC of Dallas has formed a joint development partnership with Elevation Resources LLC of Midland, sponsored ...

Elevation Resources LLC, Midland, Tex., plans a 2025 drilling program consisting of 10 horizontal Barnett wellbores in the Permian basin in Andrews County, Tex.

The Permian Basin continues to be the ... production is backed by record-breaking rig efficiency, robust infrastructure and continued investments in drilling innovations, ensuring long-term ...

Mar. 28—The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 297 rigs active in the region. A year ago, 316 rigs were active in the ...