The first quarter of 2025 saw a slight dip in drilling activity across the Haynesville region compared to the same period in 2024.
Haynesville Drilling Snapshot: Q1 2025 vs Q1 2024
New Height Energy Acquires SM Energy’s West Texas Facilities: A Strategic Expansion in Howard County
New Height Energy, LLC, a growing player in the Permian Basin, has officially acquired 25 air permits from SM Energy Company, marking a significant operational expansion in Howard County, near Big Spring, Texas.
Delaware Basin Drilling Activity Sees an 18.9% Increase in Q1 2025 Compared to Q1 2024
The first quarter of 2025 in the Dealaware Basin kicked off with a significant uptick in oil and gas drilling activity across North America. Based on recent permit and rig activity data, the industry saw an 18.9% increase in drilling records compared to the same period in 2024.
Comparing Q1 2024 vs Q1 2025 Oil & Gas Activity: Midland Basin
The start of 2025 brought noticeable shifts in drilling and permit activity in the Midland Basin oil and gas sector. A look at Q1 2024 versus Q1 2025 reveals a 21.4% drop in overall activity, with counts falling from 821 records in 2024Q1 to 645 in 2025Q1. This decline suggests a more conservative approach among operators entering the new year—possibly driven by market volatility, shifting commodity prices, or capital discipline strategies.
Eagle Ford Q1 2025 Drilling Activity Drops 21.6% Compared to Q1 2024
The first quarter of 2025 saw a notable slowdown in oil and gas drilling activity compared to the same period in 2024. Based on licensing and rig activity records, Q1 2025 recorded 331 wells, a 21.6% decrease from 422 wells in Q1 2024.
Grande Prairie, AB 2024Q1 vs 2025Q1: 23% increase in drilling activity
As the first quarter of 2025 wraps up, we’re seeing a noticeable uptick in drilling activity compared to the same period last year. Based on activity records, Q1 2025 saw a 23.5% increase in total record count over Q1 2024 — jumping from 170 to 210 entries. This surge points to a rebound in operational momentum and likely reflects stronger commodity prices and improved drilling economics.
Permian Activity Drops to 2-Year Low – Baker Hughes
This week’s rig count reflects a market in transition—steady oil drilling in some regions, sharp pullbacks in gas, and an overall trend of strategic restraint by operators. With the Permian Basin hitting a two-year low in rig activity and gas drilling at its weakest point since late 2024
Devon Energy Eagle Ford February 2025 investor presentation
Devon Energy holds 90,000 net acres in the Eagle Ford and produced 75 MBOED in Q4 2024, making up 11% of its total production. The company is taking full operatorship of the Blackhawk Field in April 2025 to improve returns and lower well costs, especially in DeWitt County. For 2025, Devon plans to reduce its rig count from 4 to 2 and spend $0.5 billion on capital in the region.
Karnes County, TX: A Closer Look at Drilling & Permitting Trends in 2024/2025
In 2024–2025, ConocoPhillips Company has led the way with 154 wells drilled, far outpacing other operators. Devon Energy and EOG Resources followed with 45 and 25 wells respectively, showing strong, targeted development strategies. Notably, Murphy Exploration and 1776 Energy Operators have also been active, contributing to a total of hundreds of new wells drilled across the county.
Vital Energy Acquires Reeves County Oil & Gas Battery from Red Willow Production
Vital Energy has officially acquired the Copperhead 23 1H oil and gas battery in Reeves County, Texas, from Red Willow Production, LLC. The transfer, finalized through the Texas Commission on Environmental Quality (TCEQ), was recorded on April 1, 2025, as part of an Air New Source Review (NSR) Change of Ownership project.
