Onshore
Rig Counts , Unconventional , Shale Plays
Hart Energy’s Unconventional Activity Tracker (Week of March 30, 2020)
We’ve entered the Tom Petty zone of rig count decline. Talk to drilling contractors and they report business is Free Falling, Free Falling. Tight formation rig count dropped 39 this past week, including 22 in the Permian, five in the Eagle Ford and six in Oklahoma’s Anadarko Basin.
Private Equity , Exploration & Production , Shale Plays , Acquisitions & Divestitures
Percussion Petroleum Re-ups with Carnelian Following Successful 2019 Sale
Percussion Petroleum II will pursue the same acquisition and development strategy as its predecessor, which sold its position in the Permian Basin’s Northwest Shelf to Spur Energy Partners in mid-2019.
Exploration & Production , Shale Plays , Completions , Water Management , Acquisitions & Divestitures , Trends , Midstream
Water Midstream Consolidation Trends Likely to Continue
With returns in question, oil and gas operators look to divest cost-prohibitive operations.
Influential Women , Unconventional , Shale Plays
Women in Energy: Eileen Perillo, Shell
Today’s featured 25 Influential Women in Energy honoree is Eileen Perillo, vice president of finance for unconventionals at Shell USA Co.
Public Capital , Unconventional , Shale Plays
Laredo Petroleum Receives NYSE Continued Listing Notice
Laredo Petroleum began this year with its common stock trading around $2.76 per share but has since seen its stock price nosedive by roughly 87%.
Restructurings , Public Capital , Unconventional , Shale Plays
Chaparral Energy Reportedly Working with Debt Restructuring Advisers
Chaparral Energy has hired financial advisers for advice on how to improve its balance sheet, sources said, adding that no debt restructuring move is imminent.
Lease Sales
Marketed: Noble Energy Producing Property Package, Various Texas Counties
Noble Energy retained EnergyNet for the sale of a package of producing assets located in various Texas counties through an auction closing April 30.
Highlights
Best Of This Week’s Drilling Activity Highlights (March 27, 2020)
A high-volume Wolfcamp producer by EOG in Loving County, Texas, and results from a Utica Shale well test in Ohio top this week’s drilling activity highlights from around the world.
Rig Counts , Unconventional
Chart: Gulf Coast Rig Count As Of March 27, 2020
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Exploration & Production , Health, Safety & Environment , Emissions , Shale Plays , Technology
E&P Market Intelligence: Stimulation Fleet of the Future
Reduced emissions and lower operating costs are objectives for the stimulation fleet of the future.