TG Natural Resources has shown a notable shift in its drilling activity between 2024 and 2025. By analyzing drilling patterns, contractor usage, and county-specific operations, we gain insights into the company’s operational focus and potential strategic adjustments.
Overview of Drilling Activity
In 2024, TG Natural Resources drilled a total of 36 wells, with activity spread throughout the year. The drilling efforts were most intense in Q4 2024, which accounted for 33% of the annual drilling, suggesting a push to complete drilling programs before year-end. However, the activity saw a significant drop in Q2 2024 with only 5 wells drilled, which could be due to seasonal slowdowns or operational challenges.
In contrast, 2025 drilling activity, based on available data, shows a reduced pace. Only 7 wells have been drilled in Q1 2025, which is a 22% decrease compared to Q1 2024. Whether this trend will continue remains to be seen, but it suggests that the company may be scaling back its drilling operations or experiencing temporary challenges.
Insights on Top 3 Rigs
The drilling activity by TG Natural Resources has been dominated by three primary rigs:
- Nabors X06: The most active rig in 2024, drilling 13 wells. This high usage indicates its reliability and a favorable relationship with the contractor.
- Basin 105: Drilled 12 wells in 2024, with peak activity towards the end of the year, indicating it is a reliable choice for high-priority drilling projects.
- Nabors X17: Completed 8 wells in 2024, making it a valuable contributor to the overall drilling effort. The presence of two Nabors rigs in the top three highlights a strong partnership with the contractor.
In 2025, Basin 103 appears as a new key rig with 3 wells drilled in Q1. This could indicate a diversification strategy or a shift in contractor preference.
County Analysis
Drilling activity is concentrated in Harrison and Panola counties. In 2024, Harrison County had the most activity with 24 wells drilled, while Panola County accounted for 12 wells. However, the pattern has changed in 2025, with Harrison County showing only 2 wells (under inconsistent naming) and Panola County registering 5 wells. The drop in activity in both counties could indicate a strategic reduction in drilling or challenges in certain operational areas.
Conclusion
The data shows that TG Natural Resources had a strong drilling program in 2024 but appears to be similar in 2025. Contractor usage suggests a strong preference for Nabors rigs, although new rigs like Basin 103 are being incorporated. Additionally, county-specific data shows a shift in focus away from Harrison County. More data from the rest of 2025 will be needed to draw conclusive trends.
