Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
Marketed: Gungnir Resources 30 Permitted Wells in Wyoming
Gungnir Resources has retained EnergyNet for the sale of a non-producing interests plus 30 producing wells in Laramie and Platte counties, Wyoming.
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
Haynesville DUC Count Questioned as US Gas Production Forecast to Slip
The U.S. Energy Information Administration sees natural gas output falling by 147 MMcf/d in September, but the Haynesville Shale and Appalachia region continue to pump out more gas than last year.
Permian, Haynesville Driving U.S. Oil, Gas Production Growth
The prolific Permian Basin will lead gains in both crude oil and natural gas production next month, according to new figures from the U.S. Energy Information Administration.
EIA: Permian Basin to Hit Record Oil, Gas Production in May
Crude and associated gas volumes coming from the Permian, the Lower 48’s premier shale play, are expected to hit new records in May, the U.S. Energy Information Administration reported.
Public, Private E&Ps Split on Permian Basin Drilling Strategies
The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
US Shale Basins Boast $54/bbl Average Breakeven Price
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
Marketed: Diversified Minerals Niobrara Shale Opportunity
Diversified Minerals Co. LLC has retained EnergyNet for the sale of a five-well and 12-DUC package located in Arapahoe and Weld counties, Colo.
Williams Closes MountainWest Natgas Transmission, Storage Acquisition
The MountainWest acquisition comprises approximately 2,000 miles of natural gas pipeline systems with about 8 Bcf/d of transmission capacity.