More than half of the 160 energy executives surveyed in the top U.S. oil and gas producing region sought federal aid as a cushion against the economic downturn.
Here’s a quicklist of oil and gas assets on the market including Permian Basin leasehold in Reeves County, Texas, plus a royalty interest package in the Eagle Ford Shale that includes wells operated by Devon Energy.
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
The number of oil and natural gas rigs operating in North America remains at a record low even as higher oil prices prompt some producers to start drilling again.
U.S. shale producer Continental Resources expects to partially begin resuming production in July but still expects to curtail approximately 50% of its operated oil production.
Here’s a quicklist of oil and gas assets on the market including multiple packages from Atinum Energy Investments, the largest of which comprises a core Appalachia nonop position being developed by Tug Hill.
Devon Energy also plans to run two hydraulic fracturing crews in the second half of the year, and expects to exit 2020 with a backlog of 100 drilled-but-uncompleted wells.
Rig count is down again but decline rate seems to be slowing.
Kolding Oil & Gas retained EnergyNet for the sale of a 21-well package comprising nonoperated working interest located in Oklahoma's Carter, Garvin and Grady counties through an auction closing July 1.
Here’s a quicklist of oil and gas assets on the market including the sale of Chevron’s East Texas Van Field asset plus bidding has been extended for a Permian Basin/Wolfcamp Shale package in Reeves County, Texas.