Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 18, 2020)

For a second week in a row, the number of rigs operating in the U.S. fell to another all-time low, though, according to Enervus, this is the first single-digit decline in the U.S. rig count over the past 12 weeks.

May 18, 2020

Lease Sales

Marketed: SandRidge Mississippian Trust II Royalty Package

SandRidge Mississippian Trust II retained TenOaks Energy Advisors for the sale of its royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the Trust.

May 13, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 13, 2020)

Here’s a quicklist of oil and gas assets on the market including a position of Midland Basin producing minerals in Irion County, Texas, operated by Sequitur Energy Resources.

May 13, 2020

Restructurings , Public Capital

Oklahoma Oil Producer Chaparral Energy Raises Going Concern Doubts

Reuters reported in March Oklahoma oil and gas producer Chaparral Energy was working with debt restructuring advisers as it looks to shore up its cash position.

May 12, 2020

Exploration & Production , Policy & Regulations , Shale Plays

Oklahoma Regulators Take No Action after Oil Output Hearing

Oklahoma last month adopted an emergency order that said some oil production could be considered economic waste.

May 11, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 11, 2020)

U.S. drops 20 rigs from last week to current week’s total of 390. Hess, EOG Resources, Oxy USA, Marathon, Devon and Cimarex are among the many that have announced cuts or reductions to their programs.

May 11, 2020


Newfield Exploration Founder Joe B. Foster Passes Away

By the time he retired from Newfield Exploration in 2000, Foster had built the E&P company into a thriving multibillion-dollar business.

May 11, 2020

Exploration & Production

Continental Resources, Callon Join Shale Peers in Curtailing Oil Output

A month-long oil price war between Saudi Arabia and Russia and the economic fallout from the COVID-19 pandemic caused a historic drop in oil prices, forcing producers to drastically cut their spending and scale back on activity.

May 11, 2020

Lease Sales

Marketed: Nonop Package Across Kansas, Louisiana, Oklahoma, Mississippi, Texas

Atchley Resources Inc. retained Oil & Gas Asset Clearinghouse LLC for a private sale of a nonop working interest package with assets throughout Kansas, Louisiana, Oklahoma, Mississippi and Texas.

May 8, 2020

Business , Exploration & Production , Policy & Regulations , Shale Plays

States Ask Trump Administration to Hire Laid-off Oil Workers to Plug Abandoned Wells

A coalition of U.S. oil-producing states has asked the Trump administration for stimulus funds to hire laid-off energy workers to plug abandoned oil and gas wells.

May 6, 2020