Rig Counts

US Oil Rig Count Falls as Gas Rigs Rise

The oil and gas rig count rose by one to 255 in the week to Sep. 18, energy services firm Baker Hughes Co said in its weekly report.

September 18, 2020

Gathering & Processing

Sempra Sees Cameron LNG Export Plant in Louisiana Fully Back in Six Weeks

Sempra Energy said on Sept. 18 it expects the Cameron LNG export plant in Louisiana to return to full service in six weeks after lingering power outages from Hurricane Laura have kept it shut since late August.

September 18, 2020

Exploration & Production

Libya’s Haftar Plans to Lift Oil Blockade

The blockade by eastern forces has cost Libya $9 billion in lost revenue so far this year, the Tripoli-based Central Bank of Libya said this week.

September 18, 2020

Technology , Gathering & Processing

Wood Secures Kollsnes Gas Processing EPCI Contract from Equinor

Wood has secured a new $42 million contract from international energy company Equinor on behalf of operator Gassco to provide EPCI services at the Kollsnes gas processing plant in Norway, the company said on Sept. 17.

September 18, 2020

Public Capital , Unconventional , Shale Plays , Acquisitions & Divestitures

EQT Reportedly Bids $750 Million for Chevron’s Appalachia Shale Assets

Chevron is marketing about 800,000 acres in the Marcellus and Utica shale plays of Pennsylvania and neighboring states and a 31% nonoperating interest in Laurel Mountain Midstream.

September 18, 2020

Rig Counts , Unconventional

Chart: Gulf Coast Rig Count as of September 18, 2020

Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore

September 18, 2020

Restructurings , Unconventional , Shale Plays , Acquisitions & Divestitures

Permian Basin Operator Approach Resources Hitches Saddle to New Buyer

Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.

September 17, 2020

Business , People , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Industry Veteran Ted Williams Joins EnCore Permian as COO

Industry veteran Ted Williams will join EnCore Permian as partner and COO to lead its growing operations department as the Midland, Texas-based company transforms into an E&P company.

September 17, 2020

Exploration & Production , Health, Safety & Environment , Lease Sales

US Shelves Wyoming BLM Lease Sale Plans over Sage Grouse

BLM will instead sell eight parcels of oil and gas leases on more than 4,000 acres in the southeast corner of Wyoming, not located in sage grouse habitat, through the online auction platform EnergyNet.

September 17, 2020

Lease Sales

Marketed: C.W. Resources Sale of Overton Field Assets in East Texas

C.W. Resources and CWR retained TenOaks Energy Advisors for the sale of certain operated properties in the Overton Field of East Texas.

September 17, 2020