After a year of historic lows for drilling activity, rig count is slowly climbing up, indicating an improved activity outlook for 2021. But will it be enough for overstacked drillers?
Occidental’s venture capital arm, Oxy Low Carbon Ventures, agreed to offtake and transport CO₂ from NextDecade’s planned Rio Grande LNG project and permanently sequester it in an underground geologic formation.
The Eagle Ford asset sale to privately owned Validus Energy is the latest step Denver-based Ovintiv has taken to cut down debt and gain investor confidence.
Here’s a quicklist of oil and gas assets on the market including a 100-well package in the Permian Basin by EOG Resources plus the sale of certain Ryca Energy-operated Louisiana properties.
Here’s a quicklist of oil and gas assets on the market including a Delaware Basin package from Tessara Petroleum Resources and a private seller plus the divestiture of certain assets by Windsor Energy across the Williston, Appalachian and Piceance basins.
The biggest declines are expected from the Eagle Ford and Niobrara basins.
The sale of its Eagle Ford acreage would mark a milestone for Denver-based Ovintiv, which is on a multiyear debt reduction plan it outlined in February.
Here’s a quicklist of oil and gas assets on the market including a package of Arrowhead Energy Partners mineral interests in the D-J Basin, Williston Basin and Haynesville Shale plus Delaware Basin leasehold from Unbridled Resources.
Wolfcamp Shale producers completed by Chevron and EOG Resources in the Permian Basin plus details on exploratory wells at LLOG Exploration’s Spruance prospect in the Gulf of Mexico top this week’s oil and gas drilling activity highlights from around the world.