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Powder River Basin

Powder River Basin News

Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill

Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill

Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…

Why Surface-Only Inventory Predictions Are a Fool’s Errand

Why Surface-Only Inventory Predictions Are a Fool’s Errand

Introduction The promise is seductive: a map covered in potential drill spots, colored by predicted “rock quality,” with hundreds or thousands of “remaining locations.” Many oil & gas…

Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown

Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown

Baker Hughes reported a strong second quarter for 2025, with total company revenue rising to $7.1 billion, a 13% increase over the $6.3 billion reported in Q2 2024.…

Halliburton Warns of Deepening U.S. Frac Slowdown

Halliburton Warns of Deepening U.S. Frac Slowdown

Halliburton's Q2 earnings call confirmed what we said in our recent Intel-Bits report: the back half of 2025 is shaping up to be significantly weaker than expected, particularly…

PE Firm Seeds Four New E&P Startups in Strategic Push In 2025

PE Firm Seeds Four New E&P Startups in Strategic Push In 2025

Just months after closing its oversubscribed fourth fund at a $999.9 million hard cap, This PE-Firm is wasting no time putting capital to work. The Dallas-based private equity…

Intel Bits : E&P Operators Cut Frac Crews/ Rigs For Remainder of 2025; A Detailed Look

Intel Bits : E&P Operators Cut Frac Crews/ Rigs For Remainder of 2025; A Detailed Look

As the dust settles from Q1 2025 earnings season, a clear narrative has emerged across the U.S. upstream sector: a deliberate and widespread slowdown in drilling and completion…

2025 Forecast : Dangerous Time Ahead

2025 Forecast : Dangerous Time Ahead

This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…

Peak Resources Pumps the Brakes on IPO

Peak Resources Pumps the Brakes on IPO

On November 13, 2024, Peak Resources L.P., a Wyoming-based oil and gas company, quietly hit pause on its plans to go public. The limited partnership, known for its…

Top Oilfield Company Retire Rigs & Cut Frac Horsepower Expecting Soft 2025 Market

Top Oilfield Company Retire Rigs & Cut Frac Horsepower Expecting Soft 2025 Market

Patterson UTI who recently acquired NeTier Oilfield said the following during its most recent earnings call. Cutting HorsePower & Plus Fleets. “ We have retired ‘42 rigs that…

Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside

Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside

There are numerous reports speculating how much U.S. oil production will growth in 2024. Well we decided to take a look at the presentations, 4Q 2023 transcripts, press…

Powder River Basin Top Operators (Undrilled Permits)

Company Last 12 Months
Occidental Petroleum Corp 23
Continental Resources, Inc. 22
EOG Resources, Inc. 22
locked 22
locked 7
locked 3
locked 2
locked 2

Powder River Basin Well Completion Trend

Powder River Basin Rig Data: August 11, 2026

Powder River Basin Overview

Where is the Powder River Basin?

Located in southeast Montana and northwest Wyoming, the Powder River Basin is a region known for its rich coalbed methane potential - which currently supplies approximately 40% of the United States' coal. While overall coal interest has been in decline, the Powder River Basin remains a relatively active target for certain operators.

While the Powder River Basin is unified geologically, residents of areas distant from the Powder River proper do not think of themselves as living in a single geographic region. For example, residents…

Powder River Basin Mergers & Acquisitions

Powder River Basin Transactions By Quarter ($MM)