Archive for the ‘Bakken Shale’ Category
BHI: US rig count up 5 in short holiday week
November 23rd, 2016 by Latest News
The overall US drilling rig count increased by 5 to 593 during a week ended Nov. 23 that was shortened by the Thanksgiving Day holiday, according to Baker Hughes Inc. data.
The US drilling rig count jumped 20 units to 588 during the week ended Nov. 18, according to Baker Hughes Inc. data. It’s the count’s largest increase since April 2014, several months before the beginning of a steep drilling dive the lasted a year and a half.
EIA: DUC well count in major US oil, gas regions up 58 in October
November 14th, 2016 by Latest News
The count of drilled but uncompleted (DUC) wells in the seven major oil- and gas-producing regions of the US grew by 58 in October to 5,155, with increases in the Permian basin more than offsetting declines in the neighboring Eagle Ford shale, the US E…
The US drilling rig count edged down 1 unit to 568 during the week ended Nov. 11, according to Baker Hughes Inc. data. However, US exploration and production firms continue to add rigs to their fourth-quarter and 2017 drilling plans, disclosed in recen…
Units targeting crude oil, drilling horizontally, and focused on the Permian basin continue to drive current and planned US rig-count increases.
The tally of US oil-directed rigs ended 17 straight weeks without a decline during the week ended Oct. 28. But the overall rig count was again bolstered by a recent surge in rigs targeting natural gas, with increases in the Haynesville and Marcellus re…
American Midstream Partners LP has agreed to acquire 100% of JP Energy Partners LP in a unit-for-unit merger, creating a $2-billion midstream master limited partnership (MLP) with primary operations in the Permian, Eagle Ford, Bakken, and Gulf of Mexico.
Oasis Petroleum Inc., Houston, has agreed to acquire 55,000 net acres and 226 gross operated drilling locations in Divide County, ND, part of the Williston basin, from Denver-based SM Energy Co. for $785 million.
The rising rig count in the Permian basin is being accompanied by a higher tally of drilled but uncompleted (DUC) wells and a higher crude-output forecast, estimates from the US Energy Information Administration show.