Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (May 29, 2020)

Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.

May 29, 2020

Rig Counts , Unconventional

Chart: Western Rig Count As of May 29, 2020

California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming

May 29, 2020

Public Capital , Shale Plays , Technology

Basic Energy Services Consolidates US Lower 48 Operations

Similar to its peers in the service sector, Basic Energy Services has made moves over the past several months to protect its balance sheet as oil and gas operators slam the brakes on activity.

May 27, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 27, 2020)

Here’s a quicklist of oil and gas assets on the market including a Permian Basin package of Wolfcamp Shale assets located in Reeves County, Texas, being sold by Victerra Energy.

May 27, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 25, 2020)

As of May 20, the total U.S. rig count is down 28 from last week with the Permian Basin leading the declines with a drop of 17 rigs.

May 26, 2020

Exploration & Production , Legislation , Health, Safety & Environment , Lease Sales

Trump Policy Favoring Drilling over Sage Grouse Protection Thrown Out

The order was the latest legal blow to U.S. President Donald Trump's effort to increase oil and gas production on federal lands by rolling back environmental regulation.

May 26, 2020

Private Equity , Company Profiles , Midstream

Capital Strategies: Midstream Private-Equity Marriages

An emphasis on relationships backed by operational expertise and experience has helped these two private-equity-backed midstream operators continue to perform.

May 26, 2020

Policy & Regulations

US Cuts Royalties for Hard-hit Oil, Gas Drillers

The U.S. Bureau of Land Management (BLM) approved royalty rate cuts on at least 76 federal drilling leases in the state of Utah in recent weeks, according to the database.

May 21, 2020

Investment , Digital Oilfield

Emerson Investing $100 Million to Create New Innovation Center in Colorado

Emerson, a global engineering and technology company, said May 20 it will invest more than $100 million in Boulder to significantly expand its manufacturing space and launch a new innovation center focused on research, new product development and industry training for its advanced flow measurement products.

May 21, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 20, 2020)

Here’s a quicklist of oil and gas assets on the market including a package of royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the SandRidge Mississippian Trust II.

May 20, 2020