United States
Acquisitions & Divestitures
Jones Energy II Enters Into Merger Agreement To Be Acquired By Revolution Resources
Jones Energy II, Inc. said late on Dec. 6 that it has entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company LLC, an affiliate of Mountain Capital Partners LP, in an all-cash transaction valued at approximately $201.5 million.
Unconventional , Shale Plays , Mergers
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.
Business
Halliburton Lays Off 70 Employees At Bakersfield Plant In California
Halliburton Co. is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity.
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.
Mergers , Storage , Pipelines
Energy Transfer, Semgroup Complete Merger
Energy Transfer expands vast pipeline network and acquires strategic position on the Houston Ship Channel.
Unconventional , Top IP Wells
Updated: Top 12 IP Wells In The Permian Basin
December 2019: Three Loving County, Texas, Wolfcamp Discoveries Reported By EOG Resources
Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage
Frac Spread: Slow Ride
Hydrocarbon prices are improving, but at a slower rate than expected based on tailwinds.
People , Company Profiles , Water Management , Midstream
Forty Under 40: Justin Love, Blackbuck Resources
Today’s featured Forty Under 40 honoree is Justin Love, who founded Blackbuck Resources, a midstream water solutions firm that designs, builds and operates water infrastructure in Texas and New Mexico.
Rig Counts , Unconventional
Chart: Eastern Rig Count As Of December 6, 2019
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia
Rig Counts , Unconventional
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