The run-up in oil price is an important test for the U.S. shale sector, and so far, it’s passing with flying colors. But what are the macro trends shaping the near-term trajectory of U.S. tight oil?
Here’s a snapshot of recent energy deals including back-to-back deals by Lime Rock Resources in the Williston Basin and Eagle Ford Shale totaling $358.5 million plus a slew of transactions completed by the end of the year.
Here’s a quicklist of oil and gas assets on the market including Permian Basin producing mineral interest in Howard County, Texas, plus an operated well package located across West Texas.
Lime Rock Resources brought its total property acquisitions in the last four months to over $850 million with back-to-back deals for Abraxas’ Williston position and Eagle Ford properties from a private seller.
The U.S. rig count is down 0.7% in the last month, but up 75% year-over-year, according to Enverus Rig Analytics.
Here’s a snapshot of recent energy deals including Earthstone Energy’s entry into the Delaware Basin plus the closing of Pioneer Natural Resources’ $3.25 billion exit from the Permian sub-basin.
Here’s a quicklist of oil and gas assets on the market including a CUDA Energy conventional Powder River Basin opportunity plus a California Resources San Joaquin Basin conventional asset.
According to Enverus Rig Analytics, the U.S. rig count is nearing levels seen in March 2020, the start of COVID-related shutdowns.
The largest week-over-week changes to the U.S. rig count occurred in the Permian, which added four rigs, and the Anadarko Basin, which added three.
Here’s a quicklist of oil and gas assets on the market including a Pantera Energy Oklahoma Panhandle property package and the sale of Tier 1 Merced properties in the Delaware Basin and Eagle Ford Shale.