Search Results for “Permian rig”

Midstream Cleaves Into Winners, Losers as Permian Rigs Slide

August 12, 2025

Drilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, as softer oil prices and upstream consolidation take a toll on activity. The impacts of fewer drill bits at work aren’t hitting equally, splitting the midstream into haves and have-nots, according to East Daley’s Rig…

Permian Rigs Slide 10% in 1H24 with More Downside Ahead

July 17, 2024

Executive Summary: Rigs: The total rig count decreased by 1 for the July 17 week, down to 553 from 554. Infrastructure: Rig activity continues to decline in the Permian Basin, weighed down by consolidation and operators’ drive to control spending. Storage: East Daley expects an injection of 273 Mbbl in…

M&A Exerts a Gravity on Permian Rig Counts

May 22, 2024

E&P mergers continue to drag rig counts lower in the Permian Basin, down in April ’23 from recent highs despite supportive oil prices.

OXY-CrownRock Tie-up a Bad Omen for Permian Rigs

December 7, 2023

Rig counts in the Permian Basin have declined by 69 rigs YTD2023, mostly as a result of M&A activity in the past 12-18 months. A rumored deal between CrownRock and Occidental Petroleum would likely contribute to this down trend.

It’s no Slam Dunk, but Permian Rig Outlook is Improving

November 11, 2022

East Daley considers conflicting signals for Permian Basin rigs, which influences our natural gas supply and market outlook.

It’s no Slam Dunk, but Permian Rig Outlook is Improving

November 11, 2022

East Daley considers conflicting signals for Permian Basin rigs, which influences our natural gas supply and market outlook.

Occidental Permian Rig Count Rises, but Who Wins?

September 13, 2022

Occidental Petroleum (OXY) has 19 active rigs in the Permian according to East Daley’s rig tracking data for the week ended Aug. 28, representing a 14% increase from July levels.

Occidental Permian Rig Count Rises, but Who Wins?

September 13, 2022

Occidental Petroleum (OXY) has 19 active rigs in the Permian according to East Daley’s rig tracking data for the week ended Aug. 28, representing a 14% increase from July levels.

Who’s Down in the Permian? Rig Slide Splits Midstream Into Winners, Losers

August 12, 2025

Drilling in the Permian Basin fell by 34 rigs in 2Q25, a 12% Q-o-Q decline, and continues to slide as softer oil prices and upstream consolidation take a toll on activity. The impacts of fewer drill bits at work aren’t hitting equally, splitting the midstream into haves and have-nots, according…

Permian Basin Growth Despite Rig Reductions

June 20, 2024

Executive Summary: Rigs: The total US rig count decreased by 6 rigs for the June 2 week, down to 558 from 564. Infrastructure: The Permian Basin is on par to grow ~8.3% 2024-2025 exit-to-exit despite rig count decreasing 11 (3.5%). Storage: East Daley expects a withdrawal of 1.37 MMbbl in…

Search Results for “Permian rig”

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