Rig count, crude futures fall slightly, shale basin gas production rises
Sage Natural Resources LLC retained EnergyNet for the sale of a Barnett Shale opportunity in North Texas across Hood and Parker counties including operations and nonoperated working interest.
Here’s a quicklist of oil and gas assets on the market including a diversified Permian Basin platform with conventional and unconventional projects plus an Endeavor Energy Resources Eddy County, New Mexico package.
Exxon Mobil, which suffered a historic $22.4 billion loss in 2020, is selling assets in Asia, Africa and Europe as it as focuses on production ventures in Guyana, offshore Brazil and the Permian Basin.
The Permian Basin had the largest week-over-week gain, adding five rigs. Meanwhile, the Anadarko Basin had the largest loss, dropping five rigs.
The largest week-over-week increase to the U.S. rig count by major play occurred in the Permian Basin, where five rigs were added.
Several of the major plays are at or near 2019 levels for this time of year, with the Anadarko Basin running only four fewer rigs than in October 2019.
All major U.S. shale plays tallied month-over-month increases to the rig count except the Anadarko Basin, which was flat.
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.