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More Rig Count - Decrease News
Diamondback's Curtailments Back Online; Cuts 2020 Rig, Production Outlook
Diamondback Energy Inc. has provided an Q2 2020 update and announced revised full year 2020 guidance. Nearly all curtailed production is back online for Diamondback as of today,…
Endeavor Energy Resources First Quarter 2020 Results
Endeavor Energy Resources LP reported its Q1 2020 results, including touting improvements in well cost and drilling efficiency. First Quarter 2020 Highlights Average daily net production of approximately…
Rig Count By Operator : 5/1/2020 : Down -30 To 394, Exxon, Birch Permian, More...
This week in Rig Counts, we look at the changes we have seen in the U.S. Rig activity over the last few weeks. We eexpect the rig count…
Exxon to Cut Permain Rig Count 75% by Year-End; Capex Cut
ExxonMobil Corp. is getting ready for a massive rig cut in the Permian for 2020. In its Q1 report, the company said it will cut its Permian rig…
Concho Q1: $188MM FCF, $12.3 B Impairment, Revised 2020 Rigs & Wells Program
Concho Resources Inc. reported its Q1 2020 results. Q1 Key Financial Developments & Production Free Cash Flow of $188 Million - Flat from 4Q19: Operating cash flow was…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian - Delaware Basin News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…