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Oklahoma Operations of Key Oil & Gas Companies (2025)
Mewbourne and Continental have effectively filled the void left by some public operators that retreated from Oklahoma. Both are privately held and have kept Oklahoma drilling activity robust through 2024–25. Meanwhile, Ovintiv, Devon, and Coterra represent the public E&Ps that still invest in Oklahoma, though generally at a smaller scale and with a gas-focused approach, adjusting capital based on market conditions. Mach Resources stands out as a yield-focused operator concentrated entirely in Oklahoma, sustaining sizable production while carefully modulating its rig count.
Permian Slowdown: New Well Permits Dip as Operators Trim Rigs in 2025
From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits.
Pipeline planned to supply LNG project receives green light from B.C. regulator
The British Columbia Environmental Assessment Office (EAO) has confirmed that the 750-kilometre Prince Rupert Gas Transmission (PRGT) pipeline retains its environmental certificate, clearing the way for construction to continue. The pipeline is designed to supply ~2 Bcf/d of natural gas from northeastern B.C. to the Ksi Lisims LNG export terminal proposed near Pearse Island on the West Coast.
Oil Rigs Down, Gas Rigs Up – Weekly Drilling Snapshot – Baker Hughes
According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021. Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Several major basins, including the Permian and Eagle Ford, recorded new lows.
Unlocking Sour Gas with Tejon Treating & Carbon Solutions
Formed in 2023 and backed by Bayswater Management, Tejon Treating & Carbon Solutions is rapidly establishing itself as a cornerstone in the Permian Basin’s sour gas infrastructure landscape. As operators push deeper into H₂S-rich zones in West Texas, existing infrastructure struggled to keep pace—until Tejon entered with a mission: gather, treat, and responsibly manage sour gas where others couldn’t.
Grande Prairie, Canada: Well Permits Surge 52% as LNG Optimism Builds
From January to June 2025, new well permits jumped by over 50% compared to the same period in 2024. This surge comes despite volatile natural gas prices, signaling rising operator confidence that LNG exports will transform the market heading into 2026.
Oxy:Why AI and Carbon Capture May Be the Only Path Forward for U.S. Oil Production
The U.S. oil and gas sector has defied the odds for over a decade—unlocking shale, scaling production, and securing global energy influence. But that growth engine may be running out of steam. According to Occidental Petroleum CEO Vicki Hollub, unless the industry embraces artificial intelligence and carbon capture technologies on a larger scale, domestic oil output could hit a production plateau as early as 2027.
A Strategic Fit: Scout Energy & High River Resources
In a strategic move within Texas’s oil and gas sector, Scout Energy Management LLC has transferred 315.77 miles of unregulated gas pipelines in Hutchinson and Moore counties to High River Resources LLC, as approved by the Texas Railroad Commission (RRC). This transaction not only highlights the dynamic nature of asset management in the energy industry but also underscores the complementary strengths of both companies and the significance of the regions involved.
Permian Basin Drives 80% of U.S. Tight Oil Boom Since 2010
the Permian accounts for more than half of all Lower 48 onshore oil production, with key plays like Wolfcamp, Spraberry, and Bone Spring leading the charge. This report outlines the production trends, regional comparisons, and economic drivers behind the Permian’s rise as the cornerstone of American energy.
