Powder River Basin Niobrara Shale well completed by EOG Resources in Wyoming’s Converse County plus LLOG Exploration’s results from a U.S. Gulf of Mexico discovery top this week’s drilling activity highlights from around the world.
Customers say the project is not necessary with Bakken production way down.
Harold Hamm said increasing his holdings in Continental Resources stock underscored his confidence in the company, the value of which he believes is currently undervalued due to the COVID-19 pandemic.
Rig count, oil production falls over the past week.
Here’s a snapshot of recent energy deals including a ‘tactical’ bolt-on acquisition in the U.S. Gulf of Mexico Shelf by Talos Energy.
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.