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GOM Activity Rising, with Williams Set to Expand Natural Gas Infrastructure

GOM Activity Rising, with Williams Set to Expand Natural Gas Infrastructure

Natural gas and oil opportunities in the deepwater Gulf of Mexico (GOM) look to be expanding, with Tulsa-based Williams preparing to take advantage. The midstream giant, which already has substantial GOM infrastructure, recently clinched an agreement to gather and transport natural gas from the Shenandoah development underway in the deepwater. The agreement is with Beacon…

June 18, 2021
U.S. Adds One Natural Gas Rig as Numbers Rising in Oil Patch

U.S. Adds One Natural Gas Rig as Numbers Rising in Oil Patch

The U.S. natural gas rig count increased one unit to 97 for the week ended Friday (June 18), while a surge in oil-directed drilling lifted the combined domestic tally to 470 for the period, according to the latest figures from Baker Hughes Co. (BKR). The United States added nine rigs overall for the week, including…

June 18, 2021
Rigs Flocking to Oil Patch as U.S. Count Surges to 470

Rigs Flocking to Oil Patch as U.S. Count Surges to 470

The U.S. oil patch continued to add to its numbers during the week ended Friday (June 18) as the overall domestic rig count surged nine units higher to 470, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the week included the addition of eight oil-directed rigs, along…

June 18, 2021
U.S. OFS Jobs Seen ‘Fairly Flat’ as E&Ps Shift from Production Growth

U.S. OFS Jobs Seen ‘Fairly Flat’ as E&Ps Shift from Production Growth

Employment in the U.S. oilfield services (OFS) sector ticked up in May as growth in support roles and equipment fabrication offset declines in extraction, pipeline construction and manufacturing, according to estimates by the Energy Workforce & Technology Council. The sector grew by 1.6% in May, racking up an additional 9,707 jobs over April, according to…

June 18, 2021
Northern Oil Bolts-On ‘Trifecta’ of Permian Prospects for $102M

Northern Oil Bolts-On ‘Trifecta’ of Permian Prospects for $102M

Northern Oil and Gas Inc. agreed to spend $102 million to bolt-on prospects in the Permian Basin that cover about 2,900 net acres. The three agreements announced Thursday are from undisclosed sellers for nonoperated assets in Reeves County, TX, and New Mexico’s Lea and Eddy counties. The assets are operated primarily by Colgate Energy LLC,…

June 17, 2021
Natural Gas said Vital to Shrinking Mexico’s North-South Development Gap

Natural Gas said Vital to Shrinking Mexico’s North-South Development Gap

Natural gas could help determine whether Mexico can shrink the economic gap between its industrialized north and developing south, according to a new report published by Rice University’s Baker Institute for Public Policy. Through his Program for the Development of the Isthmus of Tehuantepec (PDIT), President Andrés Manuel López Obrador is aiming to succeed where…

June 16, 2021
ExxonMobil, Partners Strike More Oil in Stabroek Offshore Guyana

ExxonMobil, Partners Strike More Oil in Stabroek Offshore Guyana

Offshore Guyana continues to prove fruitful for ExxonMobil and its partners, with the Irving, TX-based supermajor announcing another discovery in the Stabroek Block. The Longtail-3 well encountered 230 feet of net pay, including newly identified hydrocarbon-bearing reservoirs below the original discovery intervals, according to ExxonMobil. “Longtail-3, combined with our recent discovery at Uaru-2, has the…

June 16, 2021
Wyoming Looks to Boost Oil, Gas Jobs in Directing Funds to DUCs, P&A Projects

Wyoming Looks to Boost Oil, Gas Jobs in Directing Funds to DUCs, P&A Projects

Nearly nine months after Wyoming received $400 million from the first federal Covid-19 relief package, Gov. Mark Gordon plans to disperse the remaining $12 million to help complete oil and gas wells and get people back to work. The Energy Rebound Program (ERP), created last November to attract workers to the industry, provides business relief…

June 16, 2021
North Dakota Oil, Natural Gas Production Climb in April

North Dakota Oil, Natural Gas Production Climb in April

North Dakota exceeded its monthly production level projections for April, but it may be losing its bragging rights to New Mexico as the second largest oil producing state. Oil production was up 1% in April month/month to 33.6 million bbl, or 1.126 million b/d. Natural gas output grew at a 3.1% rate to 88.89 Bcf,…

June 16, 2021
New Mexico Topples Natural Gas, Oil Production Records in March

New Mexico Topples Natural Gas, Oil Production Records in March

New Mexico, which shares a prolific slice of the Permian Basin with Texas, in March produced the most natural gas and oil production on record, the Energy Information Administration (EIA) reported. Oil output averaged 1.16 million b/d in March, while gas production climbed to 6.19 Bcf/d, EIA researchers led by Emily Geary noted.  The increases…

June 16, 2021
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