PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado.
Hirs: The High Cost of Overreaching Regulation, Secrecy
Energy regulators have withheld critical information that’s resulted in damage to markets and competition.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
Marketed: Gungnir Resources 30 Permitted Wells in Wyoming
Gungnir Resources has retained EnergyNet for the sale of a non-producing interests plus 30 producing wells in Laramie and Platte counties, Wyoming.
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
Haynesville DUC Count Questioned as US Gas Production Forecast to Slip
The U.S. Energy Information Administration sees natural gas output falling by 147 MMcf/d in September, but the Haynesville Shale and Appalachia region continue to pump out more gas than last year.
Permian, Haynesville Driving U.S. Oil, Gas Production Growth
The prolific Permian Basin will lead gains in both crude oil and natural gas production next month, according to new figures from the U.S. Energy Information Administration.
EIA: Permian Basin to Hit Record Oil, Gas Production in May
Crude and associated gas volumes coming from the Permian, the Lower 48’s premier shale play, are expected to hit new records in May, the U.S. Energy Information Administration reported.
Public, Private E&Ps Split on Permian Basin Drilling Strategies
The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.