Sunday, June 7, 2026
Roughnecks at drill site.

Permian Dominates Again: Rig Count Rises 17th Week

Texas has 51% of all active rigs in the U.S. Baker Hughes (ticker: BHI) released its weekly rig count today, announcing the seventeenth straight week of increasing drilling activity. In total, eight rigs came online in the U.S. this week, meaning there are 885 active rigs in the country. Seven land rigs were added, while inland waters lost one rig

Newly Emerging Play is ‘One of the Best Kept Secrets in the Permian’

$2-million wells in the San Andres are generating 50% to 70% ROR Profitable Yuma Energy (ticker: YUMA) reported first quarter earnings Thursday, showing net earnings of $2.6 million, or $0.16 per diluted share. This compares favorably with the $12.8 million loss Yuma took in Q1 2016. Yuma Energy merged with Davis Petroleum in October in an all-stock transaction. The effects

Permian Pure Play Jagged Peak Checks Off 53% Production Growth in Q1

Jagged Peak has six rigs on its Delaware acreage, planning five frac fleets for 2017 Jagged Peak Energy (ticker: JAG) released first quarter earnings Thursday, showing a net loss of $465.9 million, or ($0.42) per share. The vast majority of this loss is attributable to stock-based compensation and deferred income taxes due to the company’s IPO on February 1. After