US oil, gas rig count climbs 4 to 547 as Permian drilling hits 13-month high
Highlights Oil rigs up 1; gas rigs climb 3 Permian rigs up 7 at 244 Bakken output to fall as DUC count declines The US oil and gas rig count Continue Reading
Bakken production forecasts expected to retreat this summer as DUC wells decline
Production to fall 400 MMcf/d by end of summer Operators rely heavily on DUCs during rebound Although Bakken natural gas production rebounded over the past year, volumes look to dip Continue Reading
Shale Drillers Baffle Analysts With $7.4 Billion Merger
Shale investors have been demanding more consolidation in the oil patch. But not exactly a deal like this one. The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded Continue Reading
Dakota Access Pipeline gains win-win with court ruling and Biden inaction
DAPL ruling bodes well for other legal fights over existing pipelines Developer still awaits environmental review slated for March 2022 completion Energy Transfer has still planned on DAPL capacity expansion Continue Reading
Eagle Ford Insider Reports Prudent Drilling Activity
Discipline. Infrastructure. Storage. What do these three words have in common? They will all likely figure prominently this week in the oil and gas markets, according to a trio of Continue Reading
California Launches Rulemaking To Ban Fracking In 2024
California initiated on Friday the pre-rulemaking stage of proposed legislation that would end fracking in the state in 2024. The Department of Conservation, Geologic Energy Management Division released pre-rulemaking draft Continue Reading
Is It Possible To Have A Nuanced Discussion About The Energy Transition?
Climate change is no longer a fiery apocalypse that we expect to happen in the far-off future. Rising sea levels, wild-fires, heatwaves, and extreme weather events are already wreaking havoc Continue Reading
Annual Reserve Revisions Part II: International Major IOCs
A guest post by George Kaplan There’s not much revelatory here, more a completist’s list showing reserve changes for seven IOCs, with more to come over the next months, but Continue Reading
North Dakota Supreme Court Decides In Favor Of Oil Firms In Royalties Case
The oil royalties which producers pay landowners should be calculated at the well, not at a higher price at some point downstream, the North Dakota Supreme Court said this week Continue Reading
Rig Additions In U.S. Top 100 For 2021
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 this week, bringing the total rig count to 455—a more Continue Reading