Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (May 29, 2020)

Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.

May 29, 2020

Rig Counts , Unconventional

Chart: Western Rig Count As of May 29, 2020

California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming

May 29, 2020

Public Capital , Shale Plays , Technology

Basic Energy Services Consolidates US Lower 48 Operations

Similar to its peers in the service sector, Basic Energy Services has made moves over the past several months to protect its balance sheet as oil and gas operators slam the brakes on activity.

May 27, 2020

Public Capital

Hedge Fund Angelo Gordon Buys Northern Oil & Gas Debt

Northern Oil & Gas has been trying to cut its debt load of more than $1 billion for months by using a so-called "debt-for-equity" swap among other things.

May 27, 2020

Rig Counts , Unconventional , Shale Plays

Hart Energy Unconventional Activity Tracker (Week of May 25, 2020)

As of May 20, the total U.S. rig count is down 28 from last week with the Permian Basin leading the declines with a drop of 17 rigs.

May 26, 2020

Business , Exploration & Production , Shale Plays

US Shale Bust Slams Rural Economies as Oil Checks Shrivel

The bust has erased tens of thousands of jobs in the drilling and service sectors, dried up local tax revenues and charitable largess that flowed along with crude oil to Texas, North Dakota and Oklahoma.

May 26, 2020

Company Profiles , Unconventional , Emerging Plays , Discoveries , Shale Plays

Born in the Bakken

U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.

May 22, 2020

Business , Crude Oil

Oil and Gas Investor At Closing: Looking for the ‘V-shape’

We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.

May 21, 2020

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 20, 2020)

Here’s a quicklist of oil and gas assets on the market including a package of royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the SandRidge Mississippian Trust II.

May 20, 2020

Exploration & Production , Policy & Regulations , Shale Plays

Continental Resources Pushes for Regulatory Action at North Dakota Hearing

Continental argued at a hearing that operators are hurting even though state production is down more than half a million barrels per day since prices crashed in March.

May 20, 2020