Midcontinent
Restructurings , Exploration & Production
Private Oil Producer Remora Petroleum Files for Chapter 11 Bankruptcy
Remora Petroleum, an Austin, Texas-based private E&P company focused on mature, long-lived producing properties, listed approximately $85 million in debt.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of Aug. 12, 2020
Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.
Lease Sales
On the Market Oil and Gas Quicklist (Week of Aug. 12, 2020)
Here’s a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of Aug. 10, 2020)
U.S. energy firms cut the number of oil and gas rigs over the past week to a record low for a 14th week even as higher oil prices prompt some producers to start drilling again.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Midstream
Riviera Resources Plans to Sell Remaining Upstream Assets
Riviera Resources engaged EnergyNet to market its remaining upstream assets, CEO David Rottino says, with plans for the transactions to close by fourth-quarter 2020.
Lease Sales
Marketed: 605 Property Package Across Arkansas, Colorado, Kansas, New Mexico, Oklahoma
EnergyNet has been retained by Map K&W-OK to offer for sale of a 605 property package located in various counties in Arkansas, Colorado, Kansas, New Mexico and Oklahoma through an auction closing Aug. 20.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Aug. 7, 2020)
Five Eagle Ford completions by EOG Resources at its McMullen County, Texas, pad plus results from Calyx Energy horizontal Mississippian wells top this week’s drilling activity highlights from around the world.
Rig Counts , Unconventional
Chart: Gulf Coast Rig Count as of August 7, 2020
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Rig Counts , Unconventional
Chart: Midcontinent, Permian Basin Rig Count as of August 7, 2020
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Private Equity , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Presidio Petroleum Acquires Anadarko Position from Bankrupt Templar Energy
The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.