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…
Chevron CEO Mike Wirth recently appeared on CNBC’s Power Lunch with Brian Sullivan, where he shared his perspective on the current and future state of energy production. His remarks provided valuable insights into the role of U.S. liquefied natural gas (LNG), the growing demand for American gas, and the long-term transition of the global energy system.
Vital Energy’s commitment to efficiency and disciplined financial management has positioned it as a leading operator in the Permian Basin. The company’s ability to integrate acquisitions, lower costs, and improve production efficiency ensures a strong outlook for 2025 and beyond.
SM Energy (NYSE: SM) continues to strengthen its position in the Midland Basin, one of the most productive oil and gas regions in the U.S. The company’s 2024 operational success and 2025 strategic plan highlight key efficiency gains, cost optimizations, and growth initiatives that position SM Energy for sustained profitability and shareholder returns.
Devon Energy (NYSE: DVN) closed 2024 on a high note, delivering record oil production, strong free cash flow, and disciplined capital allocation. A key theme in their Q4 2024 earnings report was efficiency improvements, particularly in the Delaware Basin and natural gas portfolio optimization.
Comstock Resources, Inc. (NYSE: CRK) has set its sights on Western Haynesville as a key growth driver in 2025, following signs of rising natural gas prices. In its Q4 2024 earnings report, the company outlined its expansion strategy in the play, highlighting increased drilling activity and infrastructure investment.
Occidental Petroleum (NYSE: OXY) continues to demonstrate strong capital efficiency and operational performance in its U.S. oil & gas operations. The company’s latest 4Q 2024 earnings report highlights record-breaking production, strategic cost control, and robust reserves replacement, reinforcing OXY’s position as a leading low-cost operator in the industry.
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”) in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments (the “Double Eagle Acquisition”).
Occidental Petroleum (Oxy) continues to execute its strategic asset divestiture plan with the sale of its Texas and New Mexico assets to Permian Resources for approximately $818 million. This move is a crucial step in Oxy’s plan to finance its $12 billion acquisition of CrownRock, further consolidating its presence in the Permian Basin. As part of this transition, multiple facility ownership transfers have been documented in the Texas Commission on Environmental Quality (TCEQ) database, with OWL Operating and Sabalo Energy emerging as the new operators of several key assets.
The latest Baker Hughes report shows that the U.S. rig count increased by 4 rigs this week, bringing the total to 586. This marks the second consecutive week of gains, following a rise of 6 rigs last week.
