New Permian Basin-Wolfcamp Shale, Marcellus and Haynesville discoveries plus Niobrara completions at a Weld County drillpad in Colorado by soon-to-be-acquired Extraction Oil & Gas top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Southwestern Energy’s acquisition of Indigo Natural Resources and the sale of Crestone Peak Energy in an all-stock transaction.
Here’s a quicklist of oil and gas assets on the market including Peregrine Petroleum properties in the Williston Basin plus diversified mineral and royalty portfolio across several basins including the Permian Basin.
LandGate has been exclusively retained to market for sale a large overriding royalty interest package comprising 152 horizontal Niobrara and Codell wells in the heart of the Wattenberg Field.
The largest increases by basin occurred in the Permian Basin, where eight rigs were added. Meanwhile, the Williston Basin added five rigs and reached a 2021 high of 19.
The acquisition of Crestone Peak—Bonanza Creek Energy’s third so far this year—represents the company’s strategy to position itself as the modern-day E&P business model, says CEO Eric Greager.
EOG completes four Bone Spring wells in Lea County, new offshore Suriname discovery, results from five directional Garfield County, Colo., wells and Utica Shale completion produces 39.04 MMcf of gas per day top this week's oil and gas drilling activity highlights from around the world.
U.S. rig count fell slightly for the second week in a row, leading to the conclusion that last week’s sudden drop was more than a blip caused by rig downtime — some rigs moving between wells.