United States

Lease Sales

Marketed: Ridge Runner Resources Wolfcamp Shale Permian Basin Assets

Ridge Runner Resources Operating retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin through a sealed-bid offering comprised of properties located in New Mexico’s Lea County.

September 25, 2020

Crude Oil , Trade , International

Iran’s Oil Exports Jump in September Defying US Sanctions

Exports have shrunk from over 2.5 million bbl/d since the U.S. withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.

September 25, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (Sept. 25, 2020)

Wolfcamp Shale wells completed by Occidental Petroleum in the Permian Basin’s Purple Sage Field plus Equinor’s results from an oil discovery offshore Canada in the Flemish Pass top this week’s drilling activity highlights from around the world.

September 25, 2020

Public Capital , Exploration & Production , Crude Oil , Shale Plays

ConocoPhillips Sees Global Oil Demand Returning

The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand, though ConocoPhillips still expects "quite a bit of uncertainty next year."

September 25, 2020

Rig Counts , Unconventional

Chart: Eastern Rig Count as of September 25, 2020

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

September 25, 2020

Rig Counts , Unconventional

Chart: Gulf Coast Rig Count as of September 25, 2020

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

September 25, 2020

Rig Counts , Unconventional

Chart: Midcontinent, Permian Basin Rig Count as of September 25, 2020

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

September 25, 2020

Rig Counts , Unconventional

Chart: Western Rig Count as of September 25, 2020

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

September 25, 2020

Public Capital , Investment , Acquisitions & Divestitures , Midstream

Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion

The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.

September 24, 2020

Unconventional , Natural Gas , Shale Plays

Analyst: More Rigs Needed to Avoid Appalachian Gas Production Declines

With Appalachia producers in maintenance mode, analysts described Permian Basin associated gas production as ‘resilient.’

September 24, 2020