Gas prices have rallied, but what will be the implications for the North American shale market in the months ahead?
ConocoPhillips, which is advancing recovery from its Bakken wells, discusses its forward plans for the Williston Basin.
The projected increase in oil and gas production follows recent reports by the EIA of a sharp decline in the DUC count in all major U.S. shale regions.
Elk Range Royalties recently said it acquired certain Permian Basin royalty interests from an undisclosed seller evenly split between the Delaware and Midland basins.
The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
Merit Energy Co. retained PetroDivest Advisors for the sale of its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.
Rattler Midstream acquired a minority interest in a gas gathering and processing JV servicing the Midland Basin where Diamondback Energy is deploying a majority of its development capital.
Chisholm Oil & Gas retained Stephens Inc. for the sale of a nonoperated opportunity in the STACK play of Oklahoma, the majority of which is located in Kingfisher County.
Jetstream Royalty Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties in New Mexico and West Texas.
Several Wolfcamp Shale discoveries by Pioneer in the Midland Basin and Devon in the Delaware, plus Marcellus well completions by the recently merged Coterra Energy and a giant gas find in the Black Sea top this week’s oil and gas drilling activity highlights from around the world.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10