The Latest

Public Capital, Exploration & Production, Shale Plays, Acquisitions & Divestitures, Mergers

Riley Exploration Permian Provides Update Following Tengasco Merger

The company’s predecessor, private equity-backed Riley Permian, was formed with the goal of building a premier Permian Basin pure-play.

March 5, 2021

Lease Sales

Marketed: Unbridled Resources Delaware Basin Leasehold, Eddy County, New Mexico

Unbridled Resources LLC retained EnergyNet for the sale of Delaware Basin non-producing leasehold in New Mexico’s Eddy County through an auction closing March 17.

March 5, 2021

Highlights, Shale Plays

Best of This Week’s Drilling Activity Highlights (March 5, 2021)

Wolfcamp Shale producers completed by Chevron and EOG Resources in the Permian Basin plus details on exploratory wells at LLOG Exploration’s Spruance prospect in the Gulf of Mexico top this week’s oil and gas drilling activity highlights from around the world.

March 5, 2021

Public Capital, Master Limited Partnerships, Shale Plays, Acquisitions & Divestitures, Midstream

Noble Midstream Agrees to Chevron Buyout in $1.32 Billion All-stock Deal

Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.

March 5, 2021

Rig Counts, Unconventional

Chart: Eastern Rig Count as of March 5, 2021

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

March 5, 2021

Rig Counts, Unconventional

Chart: Gulf Coast Rig Count as of March 5, 2021

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

March 5, 2021

Rig Counts, Unconventional

Chart: Western Rig Count as of March 5, 2021

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

March 5, 2021

Rig Counts, Unconventional

Chart: Midcontinent, Permian Basin Rig Count as of March 5, 2021

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

March 5, 2021

Exploration & Production, Policy & Regulations, Shale Plays

Shale Leaders See US Reverting to Net Importer of Crude

The heads of U.S. shale giants ConocoPhillips and Pioneer Natural Resources addressed policy changes made by the Biden administration, including a possibly fracking ban, and their effect on the oil sector’s recovery.

March 4, 2021

Exploration & Production, Policy & Regulations, Shale Plays

Oil Production in Permian Basin Could Fall Due to Biden’s Policies: Dallas Fed Report

The Dallas Fed report also cautioned that oil refineries and chemical facilities on the Gulf Coast would need to adapt to losing barrels from the Permian Basin due to possible policy changes on federal lands made by Biden.

March 4, 2021