Between July and December 2025, multiple deepwater Gulf of Mexico projects reached first oil or materially ramped production within a remarkably short window. Individually, none of these developments would have broken the market. Together, they’ve reshaped it.
Permian Basin Oil Companies List – 2025 Edition
Permian Basin Oil Companies List – 2025 Edition
Sabalo II Operating continues to demonstrate disciplined execution in the Midland Basin with the approval of a new air permit in Section 28, Block 3, Andrews County, Texas. While air permits are often viewed as regulatory milestones, in this case the timing provides a clear operational signal: Section 28 has moved through drilling and completion and is transitioning into producing operations Sabalo II Operating Block 3 & S….
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, entered into a strategic joint venture with TG Natural Resources through the sale of a 70% interest in its East Texas natural gas assets.
Kansas oil and gas drilling activity declined sharply in 2025, confirming what many operators and service companies have felt on the ground all year: fewer wells, fewer rigs, and a more selective approach to capital deployment.
Using well-level activity data, this analysis looks at wells drilled by year, top operators, and top counties, comparing 2024 vs. 2025 to understand not just how much activity declined — but where it concentrated.
Today, wells are no longer just feeding refineries, export terminals, or local utilities. Increasingly, they are powering AI data centers, hyperscale cloud campuses, and gas-fired power plants that didn’t exist five years ago. The result is a structural shift from “wells to markets” to “wells to watts.
One of the most important takeaways from Devon Energy Corporation’s recent performance isn’t headline growth from new drilling—it’s durable base production uplift driven by smart gas lift, AI-enabled optimization, and disciplined operations across its core basins.
In total, 429 wells were drilled across Devon’s portfolio. But the real story is how those wells—and the existing base—are performing as advanced technology is scaled basin by basin.
In 2025, Chevron drilled a total of 437 wells across its U.S. onshore and offshore portfolio. The results underscore a consistent theme: efficiency creates a manufacturing approach that improves cash flow durability, even in a lower-volatility growth environment.
Occidental Petroleum delivered a strong operational quarter, marked by improved production, higher efficiency, and results that exceeded guidance across multiple basins. Operational execution—not higher commodity prices—was the primary driver, as performance gains came from better well productivity, stronger base production, and improved uptime across both onshore and offshore assets.
