Permian

Business , Crude Oil , Shale Plays

Harold Hamm on New US Gulf Coast Crude Benchmark

S&P Global Platts on June 26 will introduce American GulfCoast Select, a new benchmark for U.S. crude oil which shale pioneer Harold Hamm helped launch.

June 25, 2020

Business , Exploration & Production

Dallas Fed Survey: US Energy Producers Sought Bailout as Oil Prices Fell

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.

June 24, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of June 24, 2020)

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.

June 24, 2020

Unconventional , Natural Gas , Crude Oil , Shale Plays

Why US Shale Production Declines Are Higher Than You Might Think

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.

June 24, 2020

Completions

Permian Producer Hibernia Resources Sees Major Gains with Cold Bore’s SmartPAD

Hibernia's implementation of the completions optimization system led to $30,000 saving in reclaimed time and $10,000 per week in reduced downtime on a single pad.

June 23, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of June 22, 2020)

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.

June 22, 2020

Rig Counts , Shale Plays

US Rig Count Falls to Record Low for Seventh Week in Row

U.S. oil rigs fell 10 to 189 this week, their lowest since June 2009, while gas rigs dropped by three to 75, their lowest on record according to data from Baker Hughes going back to 1987.

June 19, 2020

Lease Sales

Marketed: Permian Basin Leasehold, Reeves County, Texas

CH4 Energy Six LLC retained EnergyNet for the sale of Permian Basin primary term leasehold rights and optional producing working interest in Reeves County, Texas, through a sealed-bid offering closing July 8.

June 19, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (June 19, 2020)

A Bone Spring discovery made by Occidental Petroleum in the Permian Basin plus a Forward Field-Marcellus Shale producer reported by EQT in Pennsylvania’s Allegheny County top this week’s drilling activity highlights from around the world.

June 19, 2020

Midstream

Powering the Permian Basin

Onsite generation by midstream operators cuts costs and boosts revenues in the sprawling, electricity-hungry Permian Basin play.

June 19, 2020