Exploration

Williston Rig Gains Lead Small Increase in Latest U.S. Drilling Tally

Williston Rig Gains Lead Small Increase in Latest U.S. Drilling Tally

On the strength of gains in the oil patch, including in the Williston Basin, the U.S. rig count rose two units overall to finish the week ended Friday (Nov. 4) at 770, according to the latest tally from Baker Hughes Co. (BKR). Net changes domestically included a three-rig increase in oil-directed drilling, partially offset by…

November 4, 2022
Natural Gas Drilling Flat as Oil Patch Sees Modest Growth in Latest BKR Count

Natural Gas Drilling Flat as Oil Patch Sees Modest Growth in Latest BKR Count

The U.S. natural gas rig count was unchanged at 157 for the week ended Friday (Oct. 21), while oil-directed activity gains helped raise the combined domestic tally two units to 771, according to updated figures from Baker Hughes Co. (BKR). Net changes domestically included a two-rig increase in oil-directed drilling. Total land rigs increased by…

October 21, 2022
Lower 48 Permitting Ends September with Gains Led by Permian, Haynesville

Lower 48 Permitting Ends September with Gains Led by Permian, Haynesville

Oil and natural gas permitting climbed in September from August by 26% and rose nearly 60% from a year ago, ending the third quarter on a positive note, according to Evercore ISI. Analysts said there were 809 more requests to drill in September month/month (m/m). The Permian Basin led the way, rebounding by 47% from…

October 14, 2022
U.S. Natural Gas Drilling Declines as Oil Growth Drives Overall Upstream Activity Higher

U.S. Natural Gas Drilling Declines as Oil Growth Drives Overall Upstream Activity Higher

The U.S. natural gas rig count fell four units to 162 for the week ended Friday (Sept. 16), while an eight-rig increase in oil-directed drilling lifted the combined domestic tally four units higher to 763, according to updated figures from Baker Hughes Co. (BKR). The 763 active U.S. rigs as of Friday compares with 512…

September 16, 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
Mexico’s Private Sector Oil, Natural Gas Production Rising Steadily

Mexico’s Private Sector Oil, Natural Gas Production Rising Steadily

Natural gas production in Mexico averaged 4.05 Bcf/d in March, up from 3.84 Bcf/d in the same month a year ago. State oil company Petróleos Mexicanos (Pemex) supplied 3.81 Bcf/d of the total, versus 3.64 Bcf/d in March 2021, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) Production by private…

April 27, 2022
Major Oil and Gas Companies Disillusioned with Mexico Uncertainty, Veteran Executive Says

Major Oil and Gas Companies Disillusioned with Mexico Uncertainty, Veteran Executive Says

“Among the majors, there’s definitely a disillusionment and disappointment for how things are evolving in the sector, which wasn’t what many expected” when they invested in Mexico, said Alfredo García, managing director at Siete Energy and 31-year veteran in oil and gas exploration and development services.  “I think the reasons for inactivity or abandoned projects…

February 4, 2022
Oil, Natural Gas Discoveries Worldwide Decline to Lowest Level in 75 Years

Oil, Natural Gas Discoveries Worldwide Decline to Lowest Level in 75 Years

Global oil and natural gas discoveries in 2021 were tracking to hit their lowest full-year level in 75 years and decline considerably from 2020. Total discovered volumes through November were calculated at 4.7 billion boe, according to an analysis by Rystad Energy. No major discoveries had been announced through the first three weeks of December,…

December 29, 2021
Worldwide Oil, Natural Gas Discoveries in 2021 Said Lowest in Decades

Worldwide Oil, Natural Gas Discoveries in 2021 Said Lowest in Decades

Global oil and natural gas discoveries in 2021 were tracking to hit their lowest full-year level in 75 years and decline considerably from 2020. Total discovered volumes through November were calculated at 4.7 billion boe, according to an analysis by Rystad Energy. No major discoveries had been announced through the first three weeks of December,…

December 28, 2021
Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada

Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada

Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…

December 6, 2021
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