Permian Basin drilling slowdown should support oil prices, Goldman Sachs says
A slowdown in drilling activities in the Permian Basin should provide underlying support to crude oil prices, Goldman Sachs said in its most recent energy note this month.
The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week.
Slowing Activities in Permian Basin Should Support Oil Price, Goldman Sachs Says -- OPIS
A slowdown in drilling activities in the Permian Basin, the largest U.S. shale oil production region, should provide some underlying support to the price of crude oil, Goldman Sachs said in its most recent energy note released Monday.
US Oil Drillers Continue To Back Off As Prices Languish Below Breakevens
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week.
US Oil Drillers Slow Activity As Prices Hurt, Even in Permian
The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week.
Earnings call transcript: Chord Energy Q1 2025 misses revenue forecast
Chord Energy Corp (CHRD) reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $4.04, which surpassed analyst expectations of $3.38.
he total number of active drilling rigs for oil and gas in the United States rose this week following the recent price slide, according to new data that Baker Hughes published on Thursday, following a large 7-rig dip in the prior week.
Chevron Expands Triple-Frac to Half of Its Permian Wells
Charles Kennedy
Charles Kennedy
Charles is a writer for Oilprice.com
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Chevron Expands Triple-Frac to Half of Its Permian Wells
By Charles Kennedy - Apr 09, 2025, 9:30 AM CDT
Chevron will boost the so-called triple fracs — fracturing three wells with one frac spread at one time — to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the world’s top shale basin.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig dip in the prior week.
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to January 2025.
Gold rose above $3,100/oz for the first time to hit a fresh record high at the start of a new week, ahead of President Donald Trump’s tariff announcement, beating its previous record high hit just last Friday.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig gain in the prior week.
U.S. Oil and Gas Rig Count Rises Slightly Despite Uncertainty
The total number of active drilling rigs in the US rose slightly this week, according to Baker Hughes, but remains lower than this time last year as the industry faces market uncertainties.
U.S. Rig Count Stalls as Oil Prices Keep Drillers in Check
The total number of active drilling rigs for oil and gas in the United States held steady this week, according to new data that Baker Hughes published on Friday, following a 1-rig decrease in the week prior.
The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior.
US Oil, Gas Rig Count Inches Up As Drillers Proceed With Caution
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig increase in the week prior.