Production starts at a Shell-operated venture in the Gulf of Mexico, a horizontal Woodford Shale completion in Pecos County, Texas, plus Crestone Peak Niobrara wells in Colorado’s Arapahoe County top this week’s oil and gas drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.
Here’s a quicklist of oil and gas assets on the market including the sale of Chevron’s Eunice/Hobbs asset in the Permian Basin plus a rural D-J Basin JV opportunity and Legacy Reserves Permian ORRI portfolio.
The largest change to the U.S. rig count in the last week was in the Anadarko Basin, where six rigs were added—all additions came from previously inactive companies firing up a rig.
Mallard Exploration has exclusively retained Eagle River Energy Advisors to solicit partnerships for certain operated producing, drilled uncompleted and/or development working interest assets in the Denver-Julesburg Basin of rural Weld County in Colorado.
Energy firms surveyed by the Kansas City Fed said crude oil prices would need to average around $53 per barrel for drilling to be profitable.
The roughly $1.6 billion project, which was proposed to support oil production growth in the Rockies and the Bakken shale regions, had been put on hold more than a year ago.
Here’s a snapshot of recent energy deals including two large Permian Basin deals including the surprise $6.4 billion acquisition of DoublePoint Energy by Pioneer Natural Resources.
Here’s a quicklist of oil and gas assets on the market including Starboard, Max Permian Northern Delaware Basin leasehold plus an Antrim Shale ORRI well package and a state lease sale in New Mexico’s Lea County.