Clay Petroleum retained the Oil & Gas Asset Clearinghouse LLC to market an operated working interest package in the Texas Panhandle. The offering includes 61 gas wells in Gray and Sherman counties, Texas.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Chesapeake Energy, once worth $35 billion, is flirting with bankruptcy in face of the coronavirus-driven crash.
The midstream sector may prove to be the energy industry’s best story in this black swan event as the global oil and gas business scrambles to respond to 2020’s unexpected shocks.
Here’s a quicklist of oil and gas assets on the market including a nonop position in EnerVest’s Nora Field natural gas assets in Virginia and West Virginia plus pipeline interest in Oklahoma gathering systems.
Mainline Midstream retained EnergyNet for the sale of about 1,100 miles of pipeline interest located in various Oklahoma counties through an auction ending June 17.
The largest monthly decline occurred in the Williston Basin, where 50% of rigs were released, according to Enverus Rig Analytics for May.
We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.