The U.S. rig count fell slightly during the past week with the biggest loss in the Permian and Appalachian basins. Increases did occur in the Anadarko Basin, which added five rigs, and the Williston Basin, which added two.
Oasis Petroleum will “immediately begin an active and thorough search for a new CEO,” says Douglas E. Brooks, the company’s board chair who has been appointed to the additional role of CEO effective Dec. 22.
According to Enverus Rig Analytics, the rig count is up 8% in the last month but down 52% year-over-year. The Permian added four rigs, while the Anadarko, D-J and Gulf Coast basins were each down one or two rigs week-over-week. The Appalachia Basin also added a rig.
Middle Bakken, Three Forks wells completed at a single pad plus Spraberry/Dean, Wolfcamp producers in Midland Basin by Occidental Petroleum and more testing completed in Australia’s Otway Basin top this week’s drilling activity highlights from around the world.
North Dakota oil production was just over 1.2 million bbl/d in October, holding near its strongest levels since the coronavirus pandemic began to curtail output in the state's Bakken shale field.
Another week of steady increases was reported for the past week’s U.S. rig count. According to Enverus Rig Analytics, the count is up 9% in the last month, but down 51% year-over-year, with no significant changes in major basins on the week.
Here’s why institutional investors, private equity firms and oil and gas companies facing ESG challenges should take a closer look into how they can take an active part in mitigating gas flaring.
Here’s a quicklist of oil and gas assets on the market including an Ankor Gulf of Mexico offshore opportunity plus RDV Resources SCOOP producing royalty interests and Barnett Shale legacy assets from The Miles Foundation.