Driven partly by declines in Texas and in the Permian Basin, the U.S. rig count fell by one to 1,067 for the week ended Friday (Nov. 2), according to data from Baker Hughes, a GE Company (BHGE).
Articles from Cana
NatGas Rig Count Flat as Oil Drives Bounce-Back Week for U.S.
After more than a month of retrenchment, the domestic rig count bounced back for the week ended Friday on growth in oil-focused activity in the U.S. onshore, according to data from Baker Hughes Inc. (BHI).
Permian Oil Propels Devon to Record Average Daily Production
Strong growth in oil production — especially in the Permian Basin — propelled Devon Energy Corp. to record the highest average daily production rate in its history during the second quarter of 2013, as the company also saw positive test results in the Woodford Shale.
Chevron, Cimarex Expand Delaware Basin Opportunities
Chevron Corp. will gain access to some needed infrastructure to develop a portion of its one million-acre leasehold in the Permian Basin in West Texas, and Cimarex Energy Co. will have expanded opportunities in a key Texas county under a joint agreement.
Continental to Double Rigs in SCOOP, Reduce Flaring
Continental Resources Inc. plans to double the number of drilling rigs it has targeting a legacy shale play in Oklahoma in 2013, and it will increase development and exploratory drilling in the Bakken Shale as it looks to maintain its reign as North Dakota’s top oil producer.
Marathon Oil: Eagle Ford, Bakken ‘Highest-Value Resource Plays’
Marathon Oil Corp. production targets are being raised sharply for its growing plays in the Eagle Ford and Bakken Shales, while the targeted sale of assets continues, as evidenced by a $170 million sale of a gas processing interest in Louisiana, CEO Clarence Cazalot said during a 4Q2012 conference call with financial analysts.
Marathon’s U.S. Trio: Eagle Ford, Bakken, Oklahoma
Marathon Oil Corp.’s $5.2 billion capital, investment and exploration budget for 2013 is about 65% targeted toward liquids-rich areas, particularly the Eagle Ford Shale of South Texas.
Magnolia Expects Prompt Payout from Mississippian Lime Wells
Broken Arrow, OK-based Magnolia Petroleum Plc announced successful well results in the Mississippian Lime play on Tuesday and said well costs would be recovered quickly.
ONEOK Targeting Cana-Woodford, Granite Wash NGLs
ONEOK Partners LP said it will spend $180 million to $240 million by the first half of 2012 for natural gas liquids (NGL) projects in the Cana-Woodford Shale and Granite Wash plays.