U.S. producers may be looking to exploit more oil and natural gas targets in Wyoming’s Williston Basin, California and in Texas, according to a tally of January permitting activity by Evercore ISI.
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Colorado, New Mexico and Wyoming Oil, Gas Permitting Soars in November
U.S. oil and natural gas permitting during November increased 60% from a year ago and was up by almost one-third month/month (m/m), aided by strong gains in Colorado, New Mexico and Wyoming, according to Evercore ISI.
U.S. Oil, Gas Permitting Still Rising, Pointing to Stronger Activity in 2019, Says Evercore
U.S. oil and gas drilling permits climbed 23% year/year in October and were up 39% from September, a strong sign that activity is likely to improve early next year, Evercore ISI said Thursday.
U.S. Drilling Permits Plummet in September, Foreshadowing Possible Decline in Rig Count
U.S. oil and gas drilling permits slid in September, down 21% sequentially and 27% from a year ago, which suggests that a decline in the domestic rig count is possible, according to Evercore ISI.
Permian Paces Gains in U.S. Onshore as BHGE Rig Count Up 11
The United States added 11 rigs, mostly oil-directed, for the week ended Friday (Oct. 12), led by gains in the Permian Basin, according to data from Baker Hughes, a GE Company (BHGE).
Ohio, North Dakota Drilling Permits Sharply Higher in July; Colorado, Texas and Wyoming Decline
A total of 3,600 permits to drill onshore in the United States were issued during July, down 28% from June but 8% higher than a year ago, as weaker numbers in Colorado, Texas and Wyoming were offset by gains in Ohio and North Dakota, according to Evercore ISI.
U.S. Land Permits Still Climbing Year-to-Date, as Texas, New Mexico, Wyoming Lead Gains
Requests for oil and natural gas drilling permits continued to strengthen in March, when U.S. land permits totaled 5,586, up 34% from February and 42% year/year, according to data by Evercore ISI.
Robust U.S. Land Permit Data Pointing to Another Year of E&P Outspending, Says Evercore
Strong drilling permit growth so early in 2018 points to “substantial” outspend by the exploration sector yet again, Evercore ISI analysts said.
North American Onshore Rig Count, Prices Likely Strengthening Through Year, Says Evercore
North America’s onshore rig count remains strong, with an estimated 100 more rigs likely to be raised through year’s end, Evercore ISI said Monday.
Early Strength of U.S. Land Permitting Potentially a Tell-Tale Sign of Higher Rig Count
With West Texas Intermediate crude oil prices charging toward $70/bbl, concerns are overblown that the U.S. rig count will slow, according to Evercore ISI.