Business , Unconventional , Natural Gas , Shale Plays

US Shale Firms Amp up Gas Output as Futures Signal More Gains

Shale producers are increasing spending on natural gas, a change from the past, amid forecasts for a 45% jump in gas prices next year compared to a 15% gain for Brent prices.

December 1, 2020

Unconventional , Acquisitions & Divestitures

Brazil’s Petrobras Aims to Step Up Oil Exports and Asset Sales

Brazil’s Petrobras on Nov. 30 projected a surge in oil exports and divestments over the next five years as it steps up plans to target overseas demand and cut debt.

December 1, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of Nov. 30, 2020)

The number of rigs operating in the U.S. rose for the 10th straight week after hitting a record low in August.

November 30, 2020

Rig Counts , Unconventional

Chart: Eastern Rig Count as of November 27, 2020

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

November 27, 2020

Rig Counts , Unconventional

Chart: Gulf Coast Rig Count as of November 27, 2020

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

November 27, 2020

Rig Counts , Unconventional

Chart: Midcontinent, Permian Basin Rig Count as of November 27, 2020

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

November 27, 2020

Rig Counts , Unconventional

Chart: Western Rig Count as of November 27, 2020

California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming

November 27, 2020

Unconventional , Conventional

UAE Oil Discoveries Bolster ADNOC Bid to Reach 5 MMbbl/d Capacity

United Arab Emirates' Energy Minister Suhail al-Mazrouei said on Nov. 23 the latest oil discoveries are part of state-owned Abu Dhabi National Oil Co.'s efforts to increase production capacity to 5 million barrels per day (MMbbl/d) by 2030.

November 23, 2020

Unconventional , Shale Plays , Pipelines

US Court Allows Equitrans to Keep Building Mountain Valley Natural Gas Pipeline

Analysts said the decision not to stay the pipeline’s Biological Opinion increases the odds Equitrans Midstream Corp. can put the project into service in second-half 2021.

November 19, 2020