BLM will instead sell eight parcels of oil and gas leases on more than 4,000 acres in the southeast corner of Wyoming, not located in sage grouse habitat, through the online auction platform EnergyNet.
Here’s a quicklist of oil and gas assets on the market including the Parsley Energy Big Tex asset in the Permian Basin, plus the sale of certain operated producing properties primarily in the Ark-La-Tex and Midcontinent region by Urban Oil & Gas Group.
The U.S. rig count rose by seven in the last week to 284. However, the count of oil and gas rigs operating remains down year-over-year by 69%.
Output at every formation is expected to fall in October, except the Permian Basin of Texas and New Mexico.
Though the oil and gas industry has not recovered since the end of the second quarter, the Permian Basin remains the most active region.
A Wolfcamp Shale discovery by EOG Resources plus Ovintiv announces results from horizontal Woodford wells from two pads in Oklahoma’s McClain County top this week’s drilling activity highlights from around the world.
Here’s a snapshot of recent energy deals including Panhandle Oil and Gas’ entry into the Haynesville Shale through the acquisition of two packages of royalty acreage from Red Stone Resources.
The Oklahoma City-based oil and gas company, which suffered a brutal bankruptcy in 2016, said the deal will keep the specter of Chapter 11 at bay.