Chevron is marketing about 800,000 acres in the Marcellus and Utica shale plays of Pennsylvania and neighboring states and a 31% nonoperating interest in Laurel Mountain Midstream.
The U.S. rig count rose by seven in the last week to 284. However, the count of oil and gas rigs operating remains down year-over-year by 69%.
NGL pipe’s spill could its upgrade.
The production curtailment was smaller than EQT's last reduction of about 1.4 Bcfe/d of gross production on May 16 as demand destruction from the coronavirus cut prices for the fuel to a near 25-year low.
Though the oil and gas industry has not recovered since the end of the second quarter, the Permian Basin remains the most active region.
U.S. energy firms kept the number of oil and gas rigs operating unchanged this week with some analysts expecting producers to have shut rigs ahead of Hurricane Laura.
ConocoPhillips Alaska wildcat hits hydrocarbons plus high-volume Marcellus Shale completions by Chesapeake Energy in Pennsylvania’s Susquehanna County top this week’s drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Occidental Petroleum’s $1.33 billion sale of Rockies assets plus the closing of ConocoPhillips’ multimillion-dollar Montney Shale acquisition.