Category: OFS

Diamondback Energy’s new Midland Basin wells’ results are rising, not sputtering out. SM Energy’s Midland results are overcoming the E&P’s “science-heavy” spell.

Clark Savage708

In the heart of the Midland Basin, two pure-play Permian operators are delivering a clear message in mid-2026: well productivity is holding up—and in key cases improving—amid ongoing efficiency gains across the broader Permian. Recent Hart Energy/Oil and Gas Investor analysis highlights Diamondback Energy’s (FANG) new Midland Basin wells showing a strong rebound in early […]

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US Weekly Rig Count Up Slightly

Clark Savage1220

The latest WellDatabase US Rig Report (dated August 7, 2026) shows the national active rig count rising modestly by 3 week-over-week to 583, up 42 from the same period a year earlier. Oil-directed rigs accounted for the bulk of activity at 427 (+1), with gas-directed rigs holding steady at 127 and smaller contributions from thermal […]

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ExxonMobil and Chevron Post Huge Profit and Revenue: Implications for Consumers and Investors

Clark Savage2508

In the second quarter of 2026, ExxonMobil and Chevron delivered blockbuster earnings, fueled by elevated oil prices stemming from the ongoing Iran conflict and associated supply disruptions in the Middle East, including pressures around the Strait of Hormuz and Red Sea. These results highlight the resilience of the U.S. majors’ integrated portfolios amid geopolitical volatility, […]

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Matador’s $1.48B Delaware Deals Test the Price of Inventory

Clark Savage1334

Matador Resources Company (NYSE: MTDR) announced on July 23, 2026, a pair of strategic bolt-on acquisitions in the Delaware Basin totaling approximately $1.475–$1.48 billion. The larger deal involves the purchase of Paloma Permian LLC, an EnCap Investments portfolio company, for $1.275 billion in cash. A smaller complementary transaction with Ridge Runner Resources II LLC (also […]

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Halliburton Sees Improvement in North American Activity in 2026

Clark Savage975

ENB Pub Note: This article was first run on RHG Phoenix Petroleum’s Blog. We will be interviewing them on the podcast soon.  Halliburton executives signaled a positive outlook for North American oilfield activity in 2026 during the company’s second-quarter 2026 earnings release and conference call on July 21, 2026. The Houston-based oilfield services giant highlighted recent gains […]

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WellDatabase Weekly Rig Report for July 18, 2026: US Rig Count Climbs Up 11 with Strong Horizontal and Oil Activity

Clark Savage1669

The latest WellDatabase US Rig Report (dated July 18, 2026) shows the U.S. active drilling rig count at 567, marking a solid +11 week-over-week (WoW) increase and +37 year-over-year (YoY) gain. This reflects resilient drilling activity amid a stable-to-rising trend over the past 12 months, with the count holding in the mid-to-high 500s range. Key […]

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