Here’s a quicklist of oil and gas assets on the market including Permian Basin leasehold in Reeves County, Texas, plus a royalty interest package in the Eagle Ford Shale that includes wells operated by Devon Energy.
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
The number of oil and natural gas rigs operating in North America remains at a record low even as higher oil prices prompt some producers to start drilling again.
A Bone Spring discovery made by Occidental Petroleum in the Permian Basin plus a Forward Field-Marcellus Shale producer reported by EQT in Pennsylvania’s Allegheny County top this week’s drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including an acquisition by Northern Oil and Gas of core Williston Basin acreage operated by WPX Energy plus the sale of ORRI by Antero Resources.
Here’s a quicklist of oil and gas assets on the market including multiple packages from Atinum Energy Investments, the largest of which comprises a core Appalachia nonop position being developed by Tug Hill.
Rig count is down again but decline rate seems to be slowing.
The ORRI transaction with Sixth Street Partners addresses over half of Antero Resources’ $650 million to $900 million asset sale goal for 2020 while allowing the Appalachia shale producer to pay down debt, CEO Paul Rady says.
Ruling removes a major obstacle to construction of the $7.5 billion Atlantic Coast Pipeline.