U.S. energy firms kept the number of oil and gas rigs operating unchanged this week with some analysts expecting producers to have shut rigs ahead of Hurricane Laura.
The U.S. Army Corps of Engineers on Aug. 26 asked an appeals court to reverse a ruling which scrapped an environmental permit that allows the Dakota Access crude oil pipeline, known as DAPL, to operate on U.S. land.
Equinor plans to not drill any new unconventional wells this year in the U.S., where it has acreage in the Bakken and Marcellus shale formations, a spokesman for the Norway-based oil and gas company said.
Weekly oil and gas rig count in the U.S. increases for the first time since March with the Midcontinent region making the largest percentage and absolute gains.
Abraxas Petroleum also entered into an agreement with its lender Angelo Gordon that included the appointment of the firm’s head of energy, Todd Dittmann, as a director of the San Antonio-based oil and gas company.
The oil and gas industry appears to have found a bottom over the last month, at least temporarily, says Enverus.
The Harold Hamm-led American Gulfcoast Select is the first new crude benchmark since 2010, designed to more accurately price U.S. liquids being exported by tanker. Will it provide the value uplift as hoped?
Industry veteran and former SRC Energy CEO Lynn Peterson is expected to be appointed as Whiting Petroleum’s next CEO, effective as of the completion of the company’s restructuring.
Here’s a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.