The national rig count has declined for the 11th consecutive week — the longest losing streak since the COVID-era downturn of mid-2020.
Total Drops to 537, Down 47 YoY – Baker Hughes
Pantheon Resources Pushes Ahead with Dubhe-1 Drilling on Alaska’s North Slope
UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. The well was suspended, and shares dropped to 20.65 UK pence.
Baker Hughes: Predicts long-term upward trajectory of global energy demand
At the recent OPEC seminar, Baker Hughes struck a pragmatic tone — acknowledging today’s volatility while emphasizing the long-term upward trajectory of global energy demand. The message was clear: the world will need more energy, not less, and the oil and gas industry must be ready to meet that challenge.
Mach Natural Resources Expands into Permian and San Juan with $1.3B in Transformative Acquisitions
Mach Natural Resources LP has announced two major acquisitions totaling $1.3 billion, marking a significant expansion of its asset base and production footprint. Through definitive agreements to acquire oil and gas assets from Sabinal Energy, LLC and IKAV Energy Inc., Mach is entering the Permian Basin and San Juan Basin, complementing its existing Mid-Continent operations.
Whitecap and Pembina Expand Footprint with New Kakwa Gas Plant
Whitecap Resources Inc. has filed a new facility application with the Alberta Energy Regulator (AER) to construct a gas processing plant in the heart of the Kakwa region, approximately 5 km from the nearest surface development. The project—Application #1958022—is notable not only for its design and scope, but also for its partnership structure and strategic positioning in one of Alberta’s most prolific natural gas areas.
Top 5 Trends to Watch for Matador Resources in the Second Half of 2025
Matador Resources (NYSE: MTDR) is navigating 2025 with a strategy that blends operational discipline, innovation, and balance sheet strength. After a strong first half marked by record production, strategic divestitures, and a major midstream expansion, here are five key trends to watch as Matador moves through the second half of 2025.
Amid Low Prices and Rising Costs, U.S. Oil Patch Faces a Challanges
According to the latest Dallas Federal Reserve survey, low oil prices, lingering tariffs, and worsening water logistics are prompting operators to sideline rigs, cut drilling plans, and brace for a prolonged period of stagnation.
Top 5 Strategic Priorities for Permian Resources in 2025
Here are the top five things Permian Resources is concentrating on for the balance of the year
Ironwood Midstream Expands Gas and Crude Pipeline Footprint in Karnes County, Texas
Ironwood Midstream Energy Partners LLC continues to strengthen its role in the Eagle Ford Shale with the operation and regulatory management of three significant pipeline permits in Karnes County, Texas. These permits—spanning both natural gas gathering and crude oil transportation systems—highlight Ironwood’s commitment to enabling safe, efficient midstream infrastructure in one of the most active oil and gas producing regions in the United States.
Powering Texas: Trinity Gas Storage’s Next Chapter
Trinity Gas Storage, LLC is at the forefront of a new era in Texas energy resilience. Just six months after launching Phase I of its state-of-the-art 24 Bcf gas storage facility in Anderson County, East Texas, the company has continued expanding with momentum—and a clear focus on reliability, capacity, and innovation.
