Powder River Basin

Calgary-based Vermilion Energy Inc., which operates in eight countries on three continents, said it was lifted by sharp commodity price increases in the first six months of the year as the world began to recover from the Covid-19 pandemic. Vermilion operates in Canada as well as the Powder River Basin (PRB) of Wyoming. It also…

U.S. drilling permit activity climbed sharply in July, led by the Eagle Ford Shale, Powder River and Permian basins, but the overall numbers are still short from the pre-pandemic days of July 2019, according to Evercore ISI. The energy analyst team led by James West uses federal and state data to compile a monthly review…

Ranger Energy Services Inc. has further boosted its wireline presence in the Lower 48 following the acquisition of PerfX Wireline Services, its second takeover since May.  The Houston-based oilfield services company said last week it had acquired Minot, ND-based  PerfX in an all-stock deal. The deal follows the acquisition of Patriot Completions Solutions LLC in…

Contango Oil & Gas Co. is set to expand its footprint in the Big Horn, Permian and Powder River basins after agreeing to purchase bank-owned liquidated assets for $58 million. Under the purchase and sale agreement announced Monday, the Fort Worth, TX-based independent is to acquire around 7,500 boe/d of production, 18.3 million boe of…

Occidental Petroleum Corp. on Wednesday padded its bottom line with a big deal to sell a bundle of western properties, while boosting another venture to develop a massive carbon capture facility in its No. 1 Lower 48 play, the Permian Basin. The Houston-based independent, better known as Oxy, agreed to sell some Colorado, Utah and…

Crestwood Equity Partners LP is taking a three-pronged approach to ensuring its Bakken Shale customers are able to move their crude oil volumes to market in the event that the Dakota Access Pipeline (DAPL) shuts down, either temporarily or permanently. On the second quarter earnings call held Tuesday, CEO Bob Phillips said the commercial and…

Chesapeake Energy Corp., once a symbol of the American natural gas industry’s revival and a disruptive leader that helped spark the nation’s unconventional boom, filed for Chapter 11 protection on Sunday to wipe out $7 billion of debt.  The move follows months of speculation and years of cost-cutting initiatives at the Oklahoma City-based independent, which…

A Wyoming unit of the U.S. Bureau of Land Management (BLM) has reversed the environmental assessment (EA) process to consider possible climate change impacts on a proposed 156-well drilling project by Houston-based EOG Resources Inc. in the Powder River Basin (PRB).

With natural gas production topping 5 Bcf/d in the Niobrara formation of the Rocky Mountains, including the Powder River Basin (PRB) of Wyoming and the Denver-Julesburg (DJ) Basin of Colorado, the region is becoming a new center for infrastructure build-out.