The Latest

Public Capital

Occidental Nears Divestiture Goal With Plains Stake Sale

Occidental Petroleum got closer this week to completing its divestiture goal with the $650 million sale of its remaining stake in Plains All American, but some analysts are saying it’s not enough.

September 20, 2019

Rig Counts

US Oil Drillers Cut Rigs To Lowest Since May 2017

Drillers cut 14 oil rigs in the week to Sept. 20, bringing down the total count to 719, Baker Hughes, a GE company, said in its weekly report.

September 20, 2019

Public Capital

Rosehill Resources Eyes Quarterly Production Growth In Permian

Rosehill, which is focused on the Delaware sub-basin, said third-quarter production could be between 20,000 and 21,000 barrels of oil equivalent per day.

September 20, 2019

Unconventional

Analyst: Argentina’s Vaca Muerta Shale Faces Bottlenecks

The Vaca Muerta Formation in the Neuquén Basin has technically recoverable resources of 308 trillion cubic feet of natural gas and 16 billion barrels of oil and condensate, according to the U.S. Energy Information Administration.

September 20, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Sept. 20, 2019)

An Eagle Ford discovery by Chesapeake, high-volume Haynesville completions and Exxon Mobil’s latest offshore discovery top this week’s drilling activity highlights from around the world.

September 20, 2019

Unconventional

China’s Shale Gas Field Fuling To Pump Record 7 Bcm In 2020

The Fuling Field currently has a total of 402 wells in production, pumping 17.755 million cubic meters of gas a day, according to a report.

September 20, 2019

Business

E&P Momentum: Killing The Goose That Lays The Golden Egg

Well stimulation firms are experiencing economic headwinds despite completing more stages at higher pump rates for customers as pricing softens and frack equipment stacks out.

September 20, 2019

Rig Counts

Chart: Eastern Rig Count As Of September 20, 2019

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

September 20, 2019

Rig Counts

Chart: Gulf Coast Rig Count As Of September 20, 2019

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

September 20, 2019

Rig Counts

Chart: Midcontinent, Permian Basin Rig Count As Of September 20, 2019

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

September 20, 2019