Permian drilling demand supports Helmerich & Payne activity
Permian Basin projects led Helmerich & Payne drilling work as executives remained upbeat amid market volatility.
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Permian Basin projects led Helmerich & Payne drilling work as executives remained upbeat amid market volatility.
Iran names Mohsen Rezaee as security chief and demands U.S. concessions before fully reopening the Strait of Hormuz.
Atlas Energy Solutions plans to expand its Permian Basin autonomous truck fleet from 28 to 100 by mid-2027, partnering with Kodiak AI.
Exxon doubled Q2 profit to $14.53B (+105% year over year), while Chevron nearly quadrupled profit to $12.07B.
The Permian Basin remains a testing ground for advanced well construction and longer, more technically demanding wells.
DOE announced a $65.5M funding for technology development and research across the upstream and midstream oil and natural gas sectors.
Magnolia Oil & Gas will acquire Houston-based WildFire Energy for $4.06B, boosting its Texas production footprint.
Recent Iranian attacks on vessels have slowed tanker-to-tanker oil transfers outside the Strait of Hormuz.
Dante Caravaggio discusses EON’s Grayburg-Jackson drilling plans, production growth, and investor funding strategy.
US crude oil production reached an all-time monthly high of 13.934 million barrels per day in April 2026, according to data from the EIA.
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