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Land

Gulfport, Eclipse Among Highest Bidders For Ohio National Forest Land

The U.S. Bureau of Land Management (BLM) auctioned 17 parcels of land in Ohio’s Wayne National Forest last week to four oil and gas companies that paid about $1.7 million.

December 20, 2016

Helmerich & Payne’s Permian Activity Still Hot, But Customers Cautiously Raising Rigs Elsewhere

Tulsa-based Helmerich & Payne Inc., the last of the big oilfield drilling contractors to issue quarterly results, continues to see most of its U.S. onshore rigs heading to the Permian Basin, but increasingly, high-spec activity is beginning to increase elsewhere, CEO John Lindsay said Thursday.

November 17, 2016
NOV’s Onshore Book Propping Up Weak Offshore Orders

NOV’s Onshore Book Propping Up Weak Offshore Orders

National Oilwell Varco Inc., which designs and manufactures upstream equipment, is seeing a dramatic shift in business away from its mainstay, the offshore, which has dominated order books for the last decade, to U.S. land, where the outlook now looks “much brighter,” CEO Clay Williams said Thursday.

October 28, 2016
Offshore Rigs Decline as Land Drillers Resume Comeback

Offshore Rigs Decline as Land Drillers Resume Comeback

Fourteen U.S. land-based rigs returned to play during the week ending Sept. 2, according to Baker Hughes Inc. (BHI). Gains were tempered, though, by the departure of seven offshore rigs, offset by one returning to the inland waters.

September 2, 2016
More Rigs Return, as Does ‘Confidence,’ Analysts Say

More Rigs Return, as Does ‘Confidence,’ Analysts Say

U.S. land-based rigs continued their march back to the oil patch, according to Friday’s Baker Hughes Inc. (BHI) rig count. The Permian Basin led gains among plays, adding four rigs; and Texas added the most rigs among states, three.

July 8, 2016
Five NatGas Rigs Leave as Nine U.S. Oil Rigs Return

Five NatGas Rigs Leave as Nine U.S. Oil Rigs Return

Texas and Alaska had the most to gain from the bounce at the bottom of the long-running rig count decline as eight U.S. land-based drilling rigs returned to play during the week ending June 3, according to Baker Hughes Inc. (BHI). Natural gas rigs, however, missed the party.

June 3, 2016
U.S. Land Rig Count Sees Eight-Unit Bounce

U.S. Land Rig Count Sees Eight-Unit Bounce

Everyone knew they’d be back. Eight land-based drilling rigs returned to play during the week ending June 3, according to Baker Hughes Inc. (BHI).

June 3, 2016

EPA Secretary Jewell’s ‘Course Corrections’ Could Impact Energy Development

The United States needs “a major course correction” in its approach to conservation, according to U.S. Secretary of the Interior Sally Jewell, who on Tuesday outlined a long-term overview and plans for the rest of the year which include reviews of previous land use decisions.

April 20, 2016

EPA Secretary Jewell’s ‘Course Corrections’ Could Impact Energy Development

The United States needs “a major course correction” in its approach to conservation, according to U.S. Secretary of the Interior Sally Jewell, who on Tuesday outlined a long-term overview and plans for the rest of the year which include reviews of previous land use decisions.

April 20, 2016

Another Appalachian E&P Startup Secures $800M Equity Commitment

Another Appalachian-focused exploration and production (E&P) company has secured an equity commitment of up to $800 million to lease and operate land in Ohio, West Virginia and Pennsylvania.

March 24, 2016