Rig count, crude futures fall slightly, shale basin gas production rises
Soaring oil production transformed North Dakota over the past decade but last year’s oil market downturn hit the region hard.
Here’s a snapshot of recent energy deals including the acquisition of Veritas Energy’s nonop position by Northern Oil and Gas in a transaction worth over $500 million in the Permian Basin plus a $2.5 billion Freeport LNG deal.
Here’s a quicklist of oil and gas assets on the market including a diversified Permian Basin platform with conventional and unconventional projects plus an Endeavor Energy Resources Eddy County, New Mexico package.
The Permian Basin had the largest week-over-week gain, adding five rigs. Meanwhile, the Anadarko Basin had the largest loss, dropping five rigs.
Here’s a snapshot of recent energy deals including Continental’s entry into the Permian through the $3.25 billion acquisition of Pioneer’s Delaware Basin position plus Southwestern acquires another private Haynesville producer.
Here’s a quicklist of oil and gas assets on the market including Legacy Reserves’ Rockies portfolio as part of its regional exit plus a Daylight Petroleum package of assets across Ector, Loving and Reeves counties in West Texas.
Cowry Enterprises retained the Oil & Gas Asset Clearinghouse for the sale of its operated working interest in Montana’s Richland County.