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).
Here’s a snapshot of recent energy deals including the sale of Blue Mountain Midstream and its assets in Oklahoma’s Merge/SCOOP/STACK play by Riviera Resources in a $111 million cash transaction.
Here’s a snapshot of recent energy deals including the closing of Chevron’s roughly $13 billion acquisition of Noble Energy plus the $825 million sale of Occidental’s Colombia onshore assets.
U.S. rig count has stabilized around 300 operating rigs since end of May with every region seeing an increase during the third quarter except the Northeast.
Devon Energy received a net cash payment of $320 million for the Barnett Shale assets at closing, which the Oklahoma City-based company said in August will coincide with a special dividend to shareholders worth $100 million.
Four rigs were added in the Anadarko Bain during the past week, with Continental Resources, Ovintiv and Citizen Energy reigning as the region’s most active operators.
The Railroad Commission of Texas plugged 1,477 abandoned oil and gas wells in fiscal-year 2020, which ended on Aug. 31, exceeding its target for the fourth straight year.
U.S. drillers added oil and gas rigs for the second time in three weeks as a recent increase in energy prices from coronavirus-linked lows prompted some to return to the wellpad.