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.

June 22, 2020

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.

June 17, 2020

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.

June 16, 2020

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.

June 15, 2020

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.

June 15, 2020

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.

June 12, 2020

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.

June 12, 2020

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.

June 11, 2020

Restructurings , Shale Plays , Acquisitions & Divestitures , Trends

San Juan Basin Bankruptcies, Acquisitions Case Study: Southland Royalty Co.

Going forward, big data will be key in making good business decisions, and in the next few months there will be many buying opportunities as distressed oil and gas companies are forced to sell their assets.

June 10, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of June 8, 2020)

The number of active rigs in the U.S. has fallen by more than 500 since the start of 2020, but recent operator commentary suggests that the bottom will likely be found before the end of the second quarter.

June 8, 2020