Here’s a quicklist of oil and gas assets on the market including the Parsley Energy Big Tex asset in the Permian Basin, plus the sale of certain operated producing properties primarily in the Ark-La-Tex and Midcontinent region by Urban Oil & Gas Group.
North Dakota oil production jumped to more than 1 million bbl/d in July for the first time in two months but remained below its peak output in the state's Bakken shale field.
The U.S. rig count rose by seven in the last week to 284. However, the count of oil and gas rigs operating remains down year-over-year by 69%.
Output at every formation is expected to fall in October, except the Permian Basin of Texas and New Mexico.
A Marcellus Shale discovery by Southwestern Energy in West Virginia’s Ohio County plus Occidental Petroleum completes Wolfcamp producers in the Purple Sage Field top this week’s drilling activity highlights from around the world.
After actively building data in the Permian Basin for two years, Northern CEO Nick O’Grady says he now sees a window of opportunity opening up for expansion of the company’s strategy outside of the Williston.
The project, engaged in a court fight, would double capacity of the pipeline.
Though the oil and gas industry has not recovered since the end of the second quarter, the Permian Basin remains the most active region.