U.S. rig count relatively stable during the past week; crude futures up.
Here’s a quicklist of oil and gas assets on the market including the sale of Blackbeard Operating’s position in the Western Anadarko Basin of Oklahoma including more than 50,000 net acres, 100% HBP, in legacy fields.
The Oil & Gas Asset Clearinghouse LLC is partnering with Mar Oil & Gas Corp. to market an overriding royalty interest (ORRI) package that includes 21 wells in New Mexico, North Dakota and Texas.
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for the 12th consecutive week.
The U.S. rig count last week fell to a record low of 279, as oil and gas production plummets.
Results from four Barnett Shale discoveries made by Lime Rock Resources plus a new development test planned for LLOG Exploration’s Who Dat Field in the Gulf of Mexico top this week’s drilling activity highlights from around the world.
Some new rigs added last month with gas plays along the Gulf Coast, primarily the Haynesville Shale, faring the best.
The RRC said July 6 it issued 312 drilling permits in June, compared to 1,001 in June 2019.
U.S. rig count down from previous week while crude futures jump 200% over the past 10 weeks.