Permian Basin Oil and Gas Magazine

MARCH 11, 2025

Counts of active drilling rigs in Permian Basin, Texas and U.S. count of 592 down 1 in the past week, down 30 in the past year ends a streak of five straight weeks of additional rigs. New Mexico again reported 105 rigs (106 year ago). The post Counts of drilling rigs decline in Permian Basin, Texas, U.S.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

The count of active drilling rigs in U.S. There were 593 rigs in U.S. (up Permian Basin reported 305 rigs (up 1 in past week, down 10 in past year). Texas was the only major producing state to report additional rigs last week up 2 to 282 in past week, down 17 from 299 year ago. 28 from Baker Hughes.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Denver-based Civitas Resources said last week it expanded its Permian Basin position with the purchase of operated assets in Howard, Glasscock and Upton counties in Midland Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Forty percent of Permian activity is planned in Delaware Basin.

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Aresco

OCTOBER 25, 2023

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?

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Oil Gas Leads

MARCH 11, 2025

For instance, one rig might report, TOOH f/xxx to BHA, while another writes, TOOH for DTF f/xxx. These inconsistencies make it difficult to compare performance across different wells and rigs. Without a standardized format for trips, drilling, rig moves, and downtime, cross-referencing and troubleshooting issues become much harder.

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