Exploration And Production

Natural Gas Drilling Decline Drives U.S. Upstream Activity Lower in Latest Baker Count

Natural Gas Drilling Decline Drives U.S. Upstream Activity Lower in Latest Baker Count

A decline in natural gas-directed drilling saw the U.S. rig count fall three units to 750 for the week ended Friday (July 1), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). One oil-directed rig was added domestically for the week, while natural gas-directed rigs declined by four. The combined 750…

July 1, 2022
PDC’s DJ Well Inventory Climbs by 99 in June with Latest Colorado Regulatory Approval

PDC’s DJ Well Inventory Climbs by 99 in June with Latest Colorado Regulatory Approval

PDC Energy Inc. has gained approval by Colorado regulators for a 30-well oil and natural gas development program in Weld County. The Colorado Oil and Gas Conservation Commission (COGCC) approved the Broe Oil and Gas Development Plan (OGDP), PDC said Wednesday. The Denver-based producer acquired the Broe OGDP in Weld County during May, when it…

July 1, 2022
Mexico Private Operators Surpass 100,000 b/d in Oil Production 

Mexico Private Operators Surpass 100,000 b/d in Oil Production 

Oil production by non-state operators in Mexico has surpassed 100,000 b/d for the first time since the 2013-2014 constitutional energy reform ended the upstream monopoly held by state oil company Petróleos Mexicanos (Pemex). Private operators produced 101,044 b/d in May, up from 65,238 b/d in the same month a year ago, data from upstream regulator…

June 27, 2022
U.S. Natural Gas Drilling Up in Latest Baker Tally; Oil Count Surges

U.S. Natural Gas Drilling Up in Latest Baker Tally; Oil Count Surges

The U.S. natural gas rig count added three units to reach 157 for the week ended Friday (June 24), while a surge in oil-directed drilling lifted the combined domestic count 13 units higher to 753, the latest numbers from Baker Hughes Co. (BKR) show. Along with the three natural gas-directed rigs, domestic drilling gains for…

June 24, 2022
Natural Gas Drilling Tally Up Three; Oil Activity Also Climbs

Natural Gas Drilling Tally Up Three; Oil Activity Also Climbs

The U.S. natural gas rig count rose three units to finish at 154 for the week ended Friday (June 17), while another round of oil drilling gains helped push the combined domestic tally seven units higher to 740, updated numbers from Baker Hughes Co. (BKR) show. Four oil-directed rigs were added alongside the three natural…

June 17, 2022
U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

The U.S. rig count climbed seven units to 740 during the week ended Friday (June 17) on a combination of gains in both oil- and natural gas-directed drilling, according to the latest numbers from Baker Hughes Co. (BKR). Four oil-directed rigs and three natural gas-directed rigs were added in the United States for the week,…

June 17, 2022
Devon Bolts On Williston Leasehold in $865M RimRock Deal

Devon Bolts On Williston Leasehold in $865M RimRock Deal

Devon Energy Corp. has agreed to purchase RimRock Oil and Gas LP’s Williston Basin leasehold interest and related assets for $865 million.  “This bolt-on acquisition is highly complementary to our existing position and is immediately accretive,” said CEO Rick Muncrief. The deal with RimRock, a portfolio company formed in 2016 by private equity giant Warburg…

June 10, 2022
Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

The potential Canadian entry into liquefied natural gas (LNG) markets estimated it could need 2,500 Montney Shale wells to fill export facilities on the northern Pacific coast of British Columbia (BC). In the first 20 years of exports, NorthRiver Midstream NEBC Connector GP Inc. estimated the new drilling could spawn 313 kilometers (188 miles) of…

June 10, 2022
Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies

Mexico President Andrés Manuel López Obrador on Friday touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 6, 2022
Canes Midstream Snaps Up Sizeable Permian Midland Asset Package

Canes Midstream Snaps Up Sizeable Permian Midland Asset Package

Private equity-backed Canes Midstream LLC said Wednesday it has closed on its acquisition of Permian Basin midstream firm Cogent Midstream LLC. Located in the southern portion of the Permian’s Midland sub-basin, the Cogent assets include 520 MMcf/d of natural gas processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system,…

May 27, 2022
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