The Latest

Discoveries

Mexico's Pemex Announces Discovery Of 'Giant' Crude Oil Deposit

Mexican state oil company Pemex said on Dec. 6 it has discovered a deposit in southeastern Mexico that could yield 500 million barrels of crude, calling it the largest such finding in more than 30 years.

December 8, 2019

Unconventional

Three-Way Midland Basin Combination Creates $1.5 Billion E&P

The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position that is expected to produce 12,000 barrels of oil equivalent per day (boe/d) in 2020.

December 6, 2019

Exploration & Production

Saudi Delivers Deeper Cuts As OPEC+ Oil Producers Back New Pact

Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.

December 6, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Dec. 6, 2019)

EOG's Wolfcamp discoveries; Antero Resources, Utica completion; two Bethany Longstreet Field-Haynesville completions.

December 6, 2019

Rig Counts

US Oil Rig Count Drops By Five

Baker Hughes reported the oil rig count fell to 663 this week, the lowest since April 2017.

December 6, 2019

Unconventional

Updated: Top 12 IP Wells In The Permian Basin

December 2019: Three Loving County, Texas, Wolfcamp Discoveries Reported By EOG Resources

December 6, 2019

Rig Counts

Baker Hughes Releases Worldwide Rig Count For November

Baker Hughes said Dec. 6 that its international rig count for November dropped by 34 to 1,096, compared to 1,130 in October.

December 6, 2019

Rig Counts

Chart: Eastern Rig Count As Of December 6, 2019

Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia

December 6, 2019

Rig Counts

Chart: Gulf Coast Rig Count As Of December 6, 2019

Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore

December 6, 2019

Rig Counts

Chart: Midcontinent, Permian Basin Rig Count As Of December 6, 2019

Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10

December 6, 2019