As Q1 2025 wraps up, early well drilling activity gives us a strong indicator of what to expect for the full year. We analyzed drilling data from over 1,900 oil and gas operators and spotlighted the Top 10 companies based on wells drilled so far in 2025.
ConocoPhillips is reportedly preparing to sell its oil and gas assets in Oklahoma’s Anadarko Basin, aiming to raise over $1 billion as part of a broader divestment strategy. The assets, acquired through the $22.5 billion Marathon Oil acquisition in late 2024, span approximately 300,000 net acres and produce around 39,000 barrels of oil equivalent per day—about half of which is natural gas.
DT Midstream (NYSE: DTM) is charging into the future with a bold, self-funded investment plan designed to meet surging demand from LNG exports, natural gas-fired power plants, and even data centers.
On April 1, 2025, WaterBridge officially launched an open season to support the development of its new Speedway Pipeline, a dual 30-inch produced water system designed to address rising pore pressure and enhance flow assurance in the Northern Delaware Basin.
In a major milestone for the U.S. LNG sector, Cheniere Energy has completed its 4,000th liquefied natural gas (LNG) shipment from its Sabine Pass facility in Louisiana. The shipment, loaded onto the Maran Gas Ithaca, highlights Cheniere’s rapid rise as a global LNG powerhouse — achieving this feat in just over nine years since launching exports in 2016.
Ring Energy, Inc. (NYSE American: REI) has officially closed its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources, adding ~17,700 net acres in Andrews County, Texas to its growing Permian Basin footprint.
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, has entered into a strategic joint venture with TG Natural Resources (TGNR) through the sale of a 70% interest in its East Texas natural gas assets. The $525 million transaction includes a $75 million upfront cash payment and a $450 million capital carry to fund future Haynesville Shale development.
British Columbia’s upstream oil and gas sector has seen a surge in well permitting activity over the last few years—but drilling activity hasn’t kept pace. The result? A growing backlog of approved well licenses that have yet to be turned into producing wells.
In a recent interview on CNBC, ExxonMobil Chairman and CEO Darren Woods shared compelling insights into the company’s long-term strategy for unlocking greater value from unconventional oil and gas resources—specifically through advanced fracking technology and the goal of doubling recovery rates.
One of the most significant developments in Canada’s energy sector is quietly unfolding on the North Coast of British Columbia. After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational — and it could mark a turning point for Canada’s natural gas industry.
