The U.S. natural gas rig count eased one unit lower to 159 for the week ended Friday (Aug. 19), while oil activity held steady, according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Total domestic oil-directed rigs went unchanged week/week at 601. The combined U.S. count dropped one unit to 762, versus…
Tag / Oil And Gas
SubscribeOil And Gas
Articles from Oil And Gas
USMCA Energy Consultations Could Damage Mexico Economy, Expert Lawyer Says
Mexico needs to reach an agreement during the consultation period with its commercial partners in the United States-Mexico-Canada-Agreement (USMCA) as part of a dispute over energy policies, Teresa Gallegos, an expert attorney in the Mexican energy industry, told NGI’s Mexico GPI. If it doesn’t, “Mexico will be in a very unfavorable position which will without…
SilverBow Targets 30% Production Growth, Cites Strong Eagle Ford Natural Gas Prices
SilverBow Resources Inc. expects to substantially grow its natural gas and liquids production this year and next and continues to enjoy “favorable basis pricing” in the Eagle Ford Shale, management said. SilverBow, which operates exclusively in the Eagle Ford and Austin Chalk formations, is targeting year/year production growth of 30% in both 2022 and 2023,…
Berkshire Given FERC OK to Buy Half-Stake in Oxy; Shares Jump
Warren Buffett’s Berkshire Hathaway Inc. on Friday was given federal approval to acquire “up to 50%” of Occidental Petroleum Corp.’s common shares. In the filing to FERC initially in July, Berkshire noted that it already owns 18.72% of the outstanding shares of Oxy, as it is commonly known (No. EC22-87-000). The purchases would be completed…
U.S. Drilling Activity Steady as Natural Gas Tally Sees Small Decline
A small net decline in natural gas-directed activity saw the U.S. rig count ease one unit lower to finish the week ended Friday (Aug. 19) at 762, according to the latest figures from Baker Hughes Co. (BKR). Total domestic natural gas-directed rigs declined by one to 159, while the oil-directed rig count held steady week/week…
North Dakota Natural Gas Production Surges as Capture Rate Holds Steady
Natural gas production in North Dakota swelled by 9.7% in June versus May to 3.06 Bcf/d, while oil production rose 3.5% to 1.1 million b/d, according to the latest figures from the North Dakota Industrial Commission (NDIC). The increases reflect a full recovery from disruptions caused by April snowstorms, as well as strong market fundamentals…
Talos Eyes Sanctioning Zama Project Offshore Mexico in 2023
Houston-based Talos Energy Inc. is working to finalize the field development plan (FDP) at the Zama project offshore Mexico. Talos is working with its Block 7 partners Wintershall Dea and Harbour Energy, as well as state-owned Petróleos Mexicanos (Pemex). The FDP has to be submitted to Mexico’s Comisión Nacional de Hidrocarburos (CNH) by March. Once…
U.S. Natural Gas Drilling Activity Eases Lower in Latest Baker Count
The U.S. natural gas rig count fell one unit to 160 for the week ended Friday (Aug. 12), helping to send the overall domestic tally one unit lower to 763, according to the latest Baker Hughes Co. (BKR) data. Net changes domestically for the week included a three-rig increase in oil-directed drilling. However, a decline…
Marcellus Activity Slows as U.S. Drilling Total Falls in Latest Baker Count
Driven in part by a slowdown in Marcellus Shale activity, the U.S. rig count eased one unit lower to finish at 763 for the week ended Friday (Aug. 12), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically for the week included a three-rig increase in oil-directed drilling. However,…
Colorado’s Civitas, PDC Energy Expect to Maintain Strong Natural Gas, Oil Production Levels
Despite inflationary pressures, Denver-based Civitas Resources Inc. and PDC Energy Inc. expect continued strong oil and natural gas production levels through 2022 as each capitalizes on acquisitions and strong demand. Civitas Resources Inc., the largest producer in the Denver-Julesburg (DJ) Basin, on average produced 175,223 boe/d — 46% oil, 30% natural gas and 24% natural…