Chord Energy (NASDAQ: CHRD) continues to establish itself as a premier operator in the Bakken, leveraging capital efficiency, operational excellence, and long-lateral drilling strategies to drive strong free cash flow and shareholder returns. In their Q4 2024 Earnings Presentation, Chord emphasized their commitment to disciplined growth, efficiency improvements, and maintaining high-quality production in the Williston Basin.
With a 2025 capital allocation of $1.2-$1.3 billion focused on the Permian, Ovintiv is positioned for strong returns through efficiency improvements in drilling, completion, and production operations. Let’s take a closer look at how Ovintiv is leveraging its Permian assets to drive higher production at lower costs.
Coterra Energy (NYSE: CTRA) has reported strong fourth-quarter and full-year 2024 results, highlighting its commitment to capital efficiency, cost optimization, and operational improvements. As the company moves into 2025, its strategy remains centered on maximizing production while minimizing costs, reinforcing its reputation as a disciplined operator in the oil and gas sector.
In 2024, Diamondback Energy, Inc. solidified its position as a leading independent oil and gas producer, achieving record financial performance, operational efficiency gains, and strategic acquisitions. The company’s bold $26 billion merger with Endeavor Energy was a defining moment, creating a must-own Permian Pure Play with 722,000 net acres in the heart of the Midland Basin.
Stay ahead of the competition with our Western Canada Oil & Gas Reports Bundle. This comprehensive package includes: Purchase Now ✅ Account List – Key operators ✅ New Well Permits (Last 12 Months) – Track upcoming projects✅ Wells Drilled (Last 12 Months) – Identify active players✅ Active Drilling Rigs (Last…
The Western Canadian oil and gas industry has witnessed fluctuations in rig activity over the past year. Comparing data from the last 30 days with the same period in 2024 provides valuable insights into trends shaping the sector. This analysis focuses on three key areas: rig count by province, activity by field centre, and the top 10 accounts by record count.
Cenovus achieved industry-leading steam-to-oil ratio (SOR) efficiencies, with Christina Lake at ~2.1 and Foster Creek at ~2.3, significantly lower than the industry average (~3.0+), reducing fuel costs and increasing production. These efficiencies contributed to record Oil Sands production (628,500 BOE/d in Q4 2024) by maximizing bitumen recovery while minimizing steam usage and operating expenses.
The latest Baker Hughes rig count shows a significant boost in U.S. drilling activity, with Oklahoma adding five rigs, marking its highest count since May 2023. This increase contributed to a four-week uptrend, pushing the total U.S. rig count to 592, the highest since June 2024.
Geologists in this role are responsible for analyzing subsurface geological formations to identify, evaluate, and develop oil and gas reserves. Their work involves a combination of exploration, development, and operational support, utilizing advanced geophysical and geological techniques.
Precision Drilling recently released its Q4 2024 and year-end financial results, providing insights into its performance across the U.S., Canada, and international markets. While U.S. operations faced headwinds, the company remains focused on efficiency improvements, technology integration, and strategic investments to position itself for long-term success. Additionally, extended reach lateral…
