Exploration And Production

Minerals firm Sitio Royalties Corp. closed the books on a successful merger with Brigham Minerals Inc., combining “two of the largest public companies in the mineral and royalty sector,” the companies said. The $4.8 billion all-stock transaction has added 15,000 boe/d of oil-weighted pro forma production to Denver-based Sitio’s portfolio, which now stands at about…

Oil and natural gas activity in Louisiana, New Mexico and Texas continued to grow in the final three months of the year but at a slower pace, according to the Federal Reserve Bank of Dallas. The quarterly survey of energy trends by the Dallas Fed, as it is known, showed the business activity index, the…

From assisting natural gas and electric utility customers in paying higher-than-usual energy bills, to decorating Ronald McDonald Houses for the holiday season, the energy industry has once again stepped up to the plate to spread cheer this holiday season.  Jackson, MI-based Consumers Energy said it would provide $7.25 million to help Michiganders struggling with winter…

The U.S. natural gas rig count climbed one unit to reach 155 for the period ended Dec. 22, while Canada’s drilling total saw a steep drop that mirrored year-earlier declines, the latest numbers from Baker Hughes Co. (BKR) show. Along with the one natural gas-directed unit, two oil-directed rigs were also added in the United…

An auction to offer some offshore oil and natural gas leases is planned at the end of this month for Alaska’s Cook Inlet.  The Bureau of Ocean Energy Management (BOEM) is offering 958,202 acres off Alaska’s southcentral coast in a lease sale scheduled for Dec. 30.  The Inflation Reduction Act directed BOEM to hold the…

A winter storm last week shut in an estimated 300,000-400,000 b/d of oil production in North Dakota, and producers now must contend with bone-chilling temperatures as they attempt to restart operations, according to the state’s Department of Mineral Resources (DMR). “If you’ve been dreaming of a white Christmas, you’ve come to the right place,” DMR’s…

Bolstered by an uptick in drilling in the Haynesville Shale, the U.S. natural gas rig count climbed one unit to reach 154 for the week ended Friday (Dec. 16), while a slowdown in the oil patch saw the combined domestic tally retreat four units to 776, according to updated Baker Hughes Co. (BKR) data. Net…

A slowdown in oil-directed drilling overshadowed an uptick in Haynesville Shale activity to send the combined U.S. rig count four units lower to 776 for the week ended Friday (Dec. 16), according to updated figures from Baker Hughes Co. (BKR). Net changes in the United States for the week included a five-rig decline in oil…

A bill qualifying natural gas as green energy and allowing state agencies to lease land to develop oil and gas has passed the Ohio legislature and was awaiting a signature from Republican Gov. Mike DeWine.  Under current Ohio law, state agencies are not automatically required to lease land for oil and gas exploration and production…