Rockies
Lease Sales
On the Market Oil and Gas Quicklist (Week of June 24, 2020)
Here’s a quicklist of oil and gas assets on the market including Permian Basin leasehold in Reeves County, Texas, plus a royalty interest package in the Eagle Ford Shale that includes wells operated by Devon Energy.
Unconventional , Natural Gas , Crude Oil , Shale Plays
Why US Shale Production Declines Are Higher Than You Might Think
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of June 22, 2020)
The number of oil and natural gas rigs operating in North America remains at a record low even as higher oil prices prompt some producers to start drilling again.
Lease Sales
On the Market Oil and Gas Quicklist (Week of June 17, 2020)
Here’s a quicklist of oil and gas assets on the market including multiple packages from Atinum Energy Investments, the largest of which comprises a core Appalachia nonop position being developed by Tug Hill.
Public Capital , Unconventional , Shale Plays
Devon Energy Curtails 10,000 Barrels of Daily Oil Production
Devon Energy also plans to run two hydraulic fracturing crews in the second half of the year, and expects to exit 2020 with a backlog of 100 drilled-but-uncompleted wells.
Rig Counts , Unconventional , Shale Plays
Hart Energy Unconventional Activity Tracker (Week of June 15, 2020)
Rig count is down again but decline rate seems to be slowing.
Restructurings , Public Capital , Shale Plays
Colorado Shale Producer Extraction Oil & Gas Enters Bankruptcy
Extraction Oil & Gas is the second largest U.S. shale producer to file for bankruptcy since the oil market collapse driven by the COVID-19 pandemic.
Exploration & Production , Policy & Regulations , Lease Sales
Trump Administration Delays Big Wyoming Oil, Gas Lease Sale
BLM had previously delayed oil and gas lease sales in Utah, Mississippi, Nevada and Colorado expected this month, as well as a major sale in New Mexico in late May.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (June 12, 2020)
Alaska North Slope drilling permits granted to ConocoPhillips, a Gulf of Mexico discovery by Walter Oil & Gas and two Marcellus Shale producers completed in Pennsylvania’s Armstrong County top this week’s drilling activity highlights from around the world.
Policy & Regulations , Shale Plays
Colorado Group Drops Plans for Anti-fracking Ballot Measure
The group's decision comes as the U.S. oil industry is scaling back drilling due to record inventories, falling demand and low oil prices amid the pandemic.