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…
Gulf Coast 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…

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…

An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…

Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Gulf Coast - South Texas News

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,…

Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…

Murphy’s Eagle Ford Keeps Getting Better
Murphy Oil walked into Q3 2025 with a simple message: operations are clicking again, and the company is delivering production and cost performance that gives them flexibility heading…

Baytex Sells Eagle Ford to Re-Weight the Portfolio to Canada
Baytex Energy has announced a major portfolio shift: the Company is divesting its entire U.S. Eagle Ford position for US$2.305 billion in cash to an undisclosed buyer. The…
