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.
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.
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. 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.
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.
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.