Archive for the ‘Bakken Shale’ Category
The overall US rig count has recorded its largest decline since
before the drilling rebound commenced in late May-early June of 2016.
Crude oil production from the seven major US onshore regions is
projected to rise 113,000 b/d month-over-month in August to 5.585
million b/d, the US Energy Information Administration says in its Drilling Productivity Report.
The overall US rig count failed to record an increase this week for
the second time in 3 weeks as oil-directed rigs edged up. The drop in
activity comes just a few days after the US Energy Information
Administration slightly lowered its crude oil pr…
Halcon Resources Corp., Houston, has agreed to sell its operated oil and gas properties in the Williston basin to Bruin E&P Partners LLC, a Houston portfolio company of private equity firm ArcLight Capital Partners LLC, for $1.4 billion. The move further solidifies Halcon’s new Delaware basin focus.
Halcon Resources Corp., Houston, has agreed to sell its operated oil and gas properties in the Williston basin to Bruin E&P Partners LLC, a Houston portfolio company of private equity firm ArcLight Capital Partners LLC, for $1.4 billion. The move further solidifies Halcon’s new Delaware basin focus.
Under a price-recovery scenario that assumes West Texas Intermediate
oil prices will hit $60-70/bbl from 2019 onwards, shale drilling and
completions will increase at 20%/year and production will increase at
12%/year through 2021, according to the n…
The overall US rig count’s streak of consecutive weekly increases
reached 23 during the week ended June 26, reflecting a continued surge
in oil-directed rigs and more drilling in Oklahoma and North Dakota.
The US Energy Information Administration
forecasts crude oil production from the seven major US onshore regions
to expand 127,000 b/d month-over-month in July to average 5.475 million
b/d. The Permian and Eagle Ford are projected to account for 108,…