US Shale DUC Count Continues to Plunge
All major U.S. oil- and gas-producing regions, including the Permian Basin, saw declines.
Hart Energy Unconventional Activity Tracker (Week of Aug. 23, 2021)
The Denver-Julesburg Basin rig count hit a 2021 high in early August of 16 rigs, an activity level not seen since early April 2020.
Best of This Week’s Drilling Activity Highlights (Aug. 20, 2021)
EOG Bone Spring wells plus Hibernia Wolfcamp discoveries in the Permian Basin plus Chesapeake Marcellus completions and results announced from a new Paradox Basin venture by Zephyr Energy top this week’s oil and gas drilling activity highlights from around the world.
Energy A&D Transactions from the Week of Aug.18, 2021
Here’s a snapshot of recent energy deals including BHP’s exit from the oil business through the merger of its petroleum assets with Woodside in an all-stock merger valued at roughly $13 billion.
Hart Energy Unconventional Activity Tracker (Week of Aug. 16, 2021)
Major U.S. shale plays with the largest week-over-week increases were in the Appalachian and the Permian basins, with each gaining three rigs.
Projects Progress, Despite Headwinds
Navigating the obstacle course of government entities and economic struggles is a challenge, but the midstream sector has chalked up some wins to go with a few setbacks.
Gas Producer BKV to Buy Texas Power Plant for $430 Million
U.S. shale producer BKV Corp. is acquiring a Texas power generator for $430 million in a move that leverages its gas production to generate electricity, the company said on Aug. 11.
On the Market Oil and Gas Quicklist (Week of Aug. 11, 2021)
Here’s a quicklist of oil and gas assets on the market including a Battalion Oil Bakken Shale package plus operated conventional Williston Basin assets and royalty acreage for sale concentrated in the core of the D-J Basin.
Hart Energy Unconventional Activity Tracker (Week of Aug. 9, 2021)
According to Enverus Rig Analytics, the U.S. rig count increased by seven in the last week. The number of active rigs is up 5% in the last month and up nearly 99% year-over-year.
Best of This Week’s Drilling Activity Highlights (Aug. 6, 2021)
In this week’s best of activity highlights, Aramco announces new field discovery, two Marcellus Shale completions in Wetzel County, W. Va., and two new Niobrara producers in Colorado’s Weld County.