Permitting

Permits for new oil and gas wells rose 25% month/month in July, with “significant” growth in the Permian Basin, but overall activity was down by two-thirds from a year ago, according to Evercore ISI. The analyst team led by James West each month compiles federal and state permitting data, which provides a window into what…

Comstock Resources Inc., which works in the Haynesville and Bakken shales, filed in late June applications with the Texas Railroad Commissioner to drill four new wells in the natural gas-rich Haynesville Shale in East Texas. In a July 2020 investor presentation, Comstock highlighted favorable supply and demand fundamentals for natural gas with “sharp activity decline…

Drilling permits in oil formations rose to 465 in the first week of December, up 91% from the final week of November, as activity remained consistent in Texas and in the Midwest, along with the Bakken Shale bouncing back, according to a tally by Evercore ISI.

The Haynesville Shale drove a “healthy” increase in U.S. natural gas permitting during November, up 20% month/month, and the play has seen an average 14% increase in permitting for four straight months, according to Evercore ISI.

Permitting to develop oil formations in the Lower 48 recovered slightly in August month/month, and natural gas permitting remained healthy even with commodity price volatility, according to a compilation of state and federal data by Evercore ISI.

The new nine-member Colorado Oil and Gas Conservation Commission (COGCC) on Tuesday listened to mixed public testimony on its future oversight and voted unanimously to continue issuing drilling permits while it implements state Senate Bill (SB) 181.

U.S. oil and gas permitting across the board showed solid growth in the first three months of the year, with the Denver-Julesburg (DJ)/Niobrara and Powder River Basin together surpassing the mighty Permian Basin, according to data compiled by Evercore ISI.

Tulsa-based Samson Resources II LLC reported 30-day initial production of 2,339 boe/d (97% oil) from the Spearhead (Federal 11-2635 4075) well in the Shannon formation in Converse County, WY, within the Powder River Basin. With about 145,000 net acres in the PRB, the board is considering expanding its delineation program. An operating budget is be finalized late in 1Q2019.

After more than a year of stakeholder discussions, the Weld County Board of Commissioners has unanimously approved a new administrative process for oil and natural gas pipelines in the heart of Colorado’s Denver-Julesburg (DJ) Basin.