Chris
Mathews
Hart Energy
San Juan Rig Activity Booms as Gas Prices Rise, M&A Heats Up
Drilling activity in the San Juan Basin has surged to its highest level since 2015, fueled by a rise in natural gas prices. Analysts say deeper Mancos Shale wells with higher IPs could lift San Juan gas output by 500 MMcf/d by 2030, reshaping the legacy basin’s future.
Dallas Fed: Largest US Oil, Gas Patch’s Outlook Deteriorating
Producers described external “chaos” and “antics” as well as “noise” and “turmoil” in trying to manage their E&Ps, according to quarterly survey results from the Dallas Federal Reserve Bank.
The US Shale Rig Count is Not Falling, Data Show
The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.
Trending in the Williston: More U-Turn Well Permits
Permitting and drilling activity has remained steady in the Bakken region, showing resilience despite market volatility and geopolitical tensions affecting commodity prices.
The Latest
US Drillers Add Oil/Gas Rigs for First Time in 12 Weeks
The oil and gas rig count rose by seven, its biggest weekly increase since December, to 544 in the week to July 18.
San Juan Rig Activity Booms as Gas Prices Rise, M&A Heats Up
Drilling activity in the San Juan Basin has surged to its highest level since 2015, fueled by a rise in natural gas prices. Analysts say deeper Mancos Shale wells with higher IPs could lift San Juan gas output by 500 MMcf/d by 2030, reshaping the legacy basin’s future.
US Oil/Gas Rig Count Down for 11th Week to Lowest Since 2021, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since 2020.
Dallas Fed: Largest US Oil, Gas Patch’s Outlook Deteriorating
Producers described external “chaos” and “antics” as well as “noise” and “turmoil” in trying to manage their E&Ps, according to quarterly survey results from the Dallas Federal Reserve Bank.
The US Shale Rig Count is Not Falling, Data Show
The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.
US Oil, Gas Rig Count Falls for 4th Month to Oct 2021 Low
The oil and gas rig count fell by seven to 547 in the week to June 27. Baker Hughes said oil rigs fell by six to 432 this week, also their lowest since October 2021, while gas rigs decreased by two to 109.
Trending in the Williston: More U-Turn Well Permits
Permitting and drilling activity has remained steady in the Bakken region, showing resilience despite market volatility and geopolitical tensions affecting commodity prices.
US Drillers Cut Oil, Gas Rigs for Eighth Week in a Row
The oil and gas rig count fell by one to 554 in the week to June 20, the lowest since November 2021.
Some Privates Capitalizing on Low Completion Costs Amidst Volatility
Liberty Energy CEO Ron Gusek says he sees private companies in strong financial positions adding rigs to drill while completion costs are low and then waiting for a strong price signal to move ahead on production.
Drillers Cut Oil, Gas Rigs for 7th Week to Lowest Since 2021, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021.