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E&P Highlights: May 5, 2025

Here’s a roundup of the latest E&P headlines, including a new robotic manufacturing system and a learning platform for drilling contractors on the way in 2026.

SM: Uinta Still Economic at $55 WTI

While SM Energy has no plans to pare its oil-focused D&C plans, it could redirect iron and pressure pumping to its gassier and NGL-rich South Texas property if WTI tumbles below $50.

Diamondback Energy, Inc. Announces First Quarter 2025 Financial and Operating Results

MIDLAND, Texas, May 05, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2025. FIRST QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 475.9 MBO/d (850.7 MBOE/d) Net cash provided by operating activities of $2.4 billion; Operating Cash …

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Supply Issues, Compliance Costs Drive up California Fuel Prices, EIA Says

(Reuters) – Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees, the U.S. Energy Information Administration said on Monday. In March, costs from Californian environmental programs such as Cap-and-Trade and the …

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US Gulf Oil Output Could Reach 2.4 Million bpd Even Amid Volatility, Industry Leaders Say

(Reuters) – The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday. U.S. President Donald Trump’s global tariff announcements have since last month contributed to a decline in oil prices and fears of an economic downturn, making it more …

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