U.S. Energy Development Corp.’s deal to buy 20,000 net acres in the Permian is the largest acquisition in the company’s ...

The company plans to run a dedicated drilling rig on the $390-million asset, incorporating it into its 2025 plans. In February, the company said it expects to deploy up to $1 billion in US oil and gas ...

Baker Hughes reports a significant drop in U.S. rig count due to tariff-fueled energy market turmoil, with Texas seeing the ...

Mar. 21—The rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 300 rigs active in the region. A year ago, 315 rigs were active in the region.

Like Texas, the Permian Basin was down three rigs to 294 rigs for the week and the lowest level since February 2022. The ...

The total number of active drilling rigs for oil and gas in the United States fell this week ... Dallas Fed Survey says is the breakeven for Permian players, with drilling activity in the basin ...

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig ...

In the Permian basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale basin, the rig count declined by three rigs, cutting the total count to 294, the lowest since ...

Baker Hughes said oil rigs fell by nine to 480 this week, while gas rigs rose by one to 97. In the Permian basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale ...

U.S. energy firms this week cut the total number of rigs operating for a second week in a row, even as the number of oil rigs ...

Baker Hughes said oil rigs fell by nine to 480 this week, while gas rigs rose by one to 97. In the Permian basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale basin, ...