Precision Drilling solid execution in a softer market; debt target achieved early, upgrades stepped up, Canada winter poised for strong run.
Precision Drilling — Q3 2025 at a Glance
Patterson-UTI (PTEN) Q3-2025 Snapshot
Patterson-UTI Energy’s Q3 2025 results highlight resilience amid a softening U.S. completions market and cautious rig activity. While revenue eased slightly, the company maintained solid margins across drilling, completions, and product segments—thanks to strong execution, disciplined capital management, and steady demand for its high-efficiency, gas-powered frac fleets.
Permian Basin Playbook: Diamondback Energy’s Next Move in Block H
Diamondback Energy continues to advance its Reagan County footprint, with new activity pointing toward the next stage of development in Block H, one of the core zones acquired through the Double Eagle IV acquisition.
Arcadia Energy Resources Expands Footprint with Grit Oil & Gas Air Permit Acquisition in East Texas
In a move that reconnects the company to its East Texas roots, Arcadia Energy Resources, LLC has acquired a portfolio of air permits from Grit Oil & Gas, LLC, marking another chapter in its nearly century-long legacy of petroleum development. The transfer, completed through the Texas Commission on Environmental Quality (TCEQ) on October 21, 2025, includes 38 air permits spanning multiple production units across Jasper County — one of the most historically prolific corners of Texas oil country.
Chevron Transfers Eagle Ford Gas Plant to Scout Energy — Perry Ranch Air Permit Update
The Texas Commission on Environmental Quality (TCEQ) has officially completed the air permit transfer of the Perry Ranch Gas Plant from Chevron USA Inc. to Scout Energy Management LLC, marking another milestone in Chevron’s broader divestiture of its Eagle Ford assets.
Enterprise Advances Midland Basin Expansion with New Athena Gas Plant Permit
Enterprise Midland Basin Midstream LLC has received air permit approval for its Athena Gas Plant, a major step forward in the company’s continued buildout of natural gas processing capacity in the Midland Basin.
Matador Resources Delivers Record Production and Dividend Growth in Q3 2025
Matador Resources Company (NYSE: MTDR) capped off the third quarter of 2025 with record-breaking production, strong financial results, and another dividend increase—cementing its position as one of the most efficient and disciplined mid-cap operators in the Permian Basin.
SLB’s Data Center Momentum: A Bright Spot in a Challenging Oil Market
While SLB’s Q3’25 results reflected the broader struggles of the oilfield services sector—driven by weaker crude prices and softer onshore activity—one area of the business is defying the trend: Data Center Solutions.
Baker Hughes and Chart Industries: Diversifying the Energy Technology Future
Baker Hughes (NASDAQ: BKR) is reshaping its business once again—this time through a bold acquisition of Chart Industries (NASDAQ: GTLS). The $13.6 billion deal marks one of the company’s largest strategic shifts in years, signaling a move away from its historic dependence on oilfield services toward a broader energy technology platform.
Halliburton’s Q3 2025: Why Cementing Activity Slowed in U.S. Land
Halliburton’s third-quarter results showed steady growth overall, but one detail stood out — cementing activity in U.S. Land declined.
