Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.
The number of rigs operating in the U.S. rose for the 10th straight week after hitting a record low in August.
The U.S. rig count rises again.
The U.S. rig count rose by 10 last week.
The U.S rig count is up 14% over the last month with the largest gains in the Gulf Coast and Permian Basin regions.
Railroad Commission candidate Chrysta Castañeda loses her bid to become the first Democrat to win a Texas statewide office in decades in a clear loss to Republican James “Jim” Wright.
The U.S. rig count rose 11% in October but was down 60% year-over-year.
The rig count slowly increased by nine new rigs this past week with increases in the Rockies and Permian Basin.
Rig count is up 13% in the last month. The most significant weekly rig increases by major basin were in the Permian (up four to 129), Gulf Coast (up four to 31) and Appalachia (up three to 35).