Coterra Energy also said its board approved the previously announced 14% increase to its annual base dividend to 50 cents per share and an acceleration of its first variable dividend by one quarter.
Several of the major plays are at or near 2019 levels for this time of year, with the Anadarko Basin running only four fewer rigs than in October 2019.
October 2021: EAP Ohio Completes Utica Venture Flowing 33.29 MMcf of Gas, 2,221 bbl of Oil per Day
May 2021: Three Marcellus Shale Completions at Wyoming County, Pa., Drillpad
Chesapeake and Southwestern Marcellus wells in Pennsylvania, a Shell Oil deepwater Gulf of Mexico discovery plus Birch Spraberry completions in the Permian Basin top this week’s oil and gas drilling activity highlights from around the world.
Affiliates of Blackriver LLC retained Eagle River Energy Advisors LLC for the sale of certain mineral interest assets and associated development rights in the D-J, Appalachian, Powder River and Anadarko basins.
Chesapeake Energy and Nabors said they are teaming up to innovate and accelerate the deployment of technology to drive the next wave of operational safety, efficiency and environmental performance gains.
Equitrans has said Hammerhead cost about $555 million to build. EQT, the biggest U.S. gas producer and former parent of Equitrans, has a contract to transport about 1.2 Bcf/d on Hammerhead.
Here’s a quicklist of oil and gas assets on the market including Viceroy Petroleum Eagle Ford Shale package in Karnes County, Texas, plus certain operated Eagle Ford properties for sale by Cinco Oil & Gas.
All major U.S. shale plays tallied month-over-month increases to the rig count except the Anadarko Basin, which was flat.