The Midland Basin, situated in the heart of West Texas, continues to serve as a focal point for energy production in the Permian Basin. With its abundant oil and gas reserves, the area attracts numerous drilling contractors operating in close proximity to the city of Midland, TX. This post provides an overview of active drilling rigs located within 10 miles of Midland, including their contractors, operators, and coordinates.
As the Permian Basin continues to cement its status as one of the most prolific oil-producing regions in the world, Nabors Industries is making waves with cutting-edge technology and operational milestones. The company’s third-quarter 2024 report highlights not only their financial performance but also groundbreaking achievements in the Delaware Basin, a key sub-region of the Permian.
As the oil and gas industry continues to adapt to changing market conditions and technological advancements, XTO Energy’s recent well permits and drilling activity data provides a fascinating glimpse into current operational trends. Since January 1, 2023, XTO has been actively shaping its drilling strategy, with specific geographic blocks emerging as focal points. This blog explores the insights gleaned from the latest data, highlighting key trends and operational strategies that could impact the future of XTO Energy.
The latest Baker Hughes Rig Count reflects steady drilling activity across most major U.S. oil and gas plays, with only slight fluctuations in specific basins.
Dallas-Fort Worth is once again solidifying its place as a premier data center hub in the United States. CyrusOne, a global data center operator owned by KKR, is preparing to build a new facility dubbed DFW7. This project is set to further expand CyrusOne’s presence in Texas, where it already operates several data centers.
ExxonMobil’s decision to explore divestment of some of its Bakken shale assets marks another step in the company’s strategy to optimize its portfolio and focus on high-growth opportunities. Here are the key takeaways:
Mewbourne Oil Company, a prominent player in the oil and gas industry, operates extensively across Texas, New Mexico, and Oklahoma. An analysis of their recent drilling activities, facilities, and leases reveals key trends that shed light on the company’s strategic operations. This blog will explore similarities and patterns observed across Mewbourne’s data and highlight operational priorities in key regions.
In a strategic move, FireBird Energy II LLC has strengthened its position in the Permian Basin by acquiring a portfolio of oil and gas facilities from ConocoPhillips. This acquisition aligns with FireBird’s growth strategy, leveraging high-quality assets to maximize production and operational efficiency. Below, we delve into the details of the acquisition and the opportunities it unlocks for FireBird Energy II.
In a strategic move to expand operations in the Permian Basin, Antelope Energy Partners, LLC has finalized the acquisition of multiple oil and gas facilities from Ring Energy, Inc.. This acquisition reflects Antelope’s commitment to strengthening its footprint in West Texas, particularly in Culberson County near the growing hub of Orla.
he RRC’s field designations and wildcat drilling efforts reflect the balance between regulation and exploration in Texas’s oil and gas industry. While established fields provide stability, wildcat wells push the boundaries of what’s possible, ensuring Texas remains at the forefront of energy production for decades to come.
