Latest From Hart Energy

Hart Energy Unconventional Activity Tracker (Week of May 25, 2020)

As of May 20, the total U.S. rig count is down 28 from last week with the Permian Basin leading the declines with a drop of 17 rigs.

Trump Policy Favoring Drilling over Sage Grouse Protection Thrown Out

The order was the latest legal blow to U.S. President Donald Trump's effort to increase oil and gas production on federal lands by rolling back environmental regulation.

Marketed: Permian Basin/Wolfcamp Shale Package, Reeves County

Victerra Energy retained EnergyNet for the sale of a Permian Basin/Wolfcamp Shale package located in Reeves County, Texas, through an auction closing June 10.

Oil CEOs Pen Open Letter Pushing for Climate Change Action

The letter addresses concerns that the COVID-19 crisis may push oil and gas companies and governments around the world to delay action on climate change.

Cold Bore Technology to Begin Beta Testing ‘Frac Action’ Software

Cold Bore Technology said its new Frac Action graphing software allows frac operators, for the first time, to overlay high resolution, real-time stage frac data onto that of multiple previous stages.

Capital Strategies: Midstream Private-Equity Marriages

An emphasis on relationships backed by operational expertise and experience has helped these two private-equity-backed midstream operators continue to perform.

Demand Rise, Output Cuts Could Mean Oil Market Balance in June

Analysts, banks cite a return to traffic congestion around the world.

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

US Drilling Industry Says Offshore Ban Would Crush Jobs, Government Revenues

Biden has said that moving away from fossil fuels would pave the way for big job gains in renewable energy.

US Shale Industry Braces for Wave of Bankruptcies

Seventeen oil and gas producers in the U.S. have filed for Chapter 11 so far this year but many more are close.

Repsol Pulls Out of Planned Arctic JV in Russia

A deal on the venture, in which Gazprom Neft would hold a 50% stake and Repsol and Shell each own 25%, was expected to close this year.

PATH FORWARD: Opportune’s David Baggett on Survival Tactics for Oil Downturn

David Baggett, founder and managing partner of Opportune, says oil and gas companies are focused on short-term survival and lowering costs, which can already be seen by massive capex cuts among producers and the historic plunge in rig counts.