Permian rigs up 12 to recent record of 284 Highest level for the play since mid-April 2020 SCOOP-STACK returns to pre-pandemic level The US oil and gas rig count jumped 11 to 683 in the […]
Exxon Mobil Corporation and Chevron Corporation on Friday disclosed plans to expand drilling in the top US shale basin after posting their biggest quarterly profits in years. Latecomers to the west Texas shale fields, both […]
Private equity firms are selling their assets and operations in U.S. shale plays to take advantage of soaring gas prices, Reuters has reported, noting the Haynesville play alone has seen deals worth $16.5 billion since the […]
Source: Created by the U.S. Energy Information Administration, based on data from Enverus The Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They […]
Source: U.S. Energy Information Administration, Drilling Productivity Report Based on our latest Drilling Productivity Report (DPR), 5,957 drilled but uncompleted wells (DUCs) were in the United States in all DPR regions in July 2021, the lowest for any month […]
Updated August 11 to correct the May 2020 Midland crude oil production total. Source: Graph by the U.S. Energy Information Administration (EIA), based on EIA’s Petroleum Supply Monthly (U.S. and Texas) and data from Enverus Inc. (Midland Basin […]
HighlightsPermian rigs climb five to 258 Operators eye growth in basin Gas rigs just 5% below pre-pandemic levels The US oil and gas rig count climbed four to 603 in the week ended Aug. 4 […]
ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 021, which it aims to increase by 40,000 boe/d in Q3 through continued operating efficiencies, the company said July 30. Jack Williams, […]
Source: U.S. Energy Information Administration Recently completed pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub—located near Permian Basin production activities in West Texas—to the U.S. Gulf Coast and Mexico. Since […]
U.S. independent Cimarex Energy Co. has agreed to sell some of its Midcontinent properties, including a pair of natural gas gathering and processing facilities, to privately held BCE-Mach III LLC for an undisclosed amount. Under […]
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