Archive for the ‘Niobrara’ Category
The heart of the Denver-Julesburg (DJ) basin exhibits the most commercial drilled but uncompleted (DUC) backlog, said a Rystad Energy study that estimated the DUC inventory in Weld County, Colo., was economic to complete at an average light, sweet crud…
The overall US oil and gas drilling rig count recorded its smallest decline of the year thus far, shedding just 2 units—both targeting gas—to settle at 404 rigs working, according to Baker Hughes Inc. data.
Rystad estimates 3,900 drilled but uncompleted US horizontal oil wells
May 19th, 2016 by Latest News
US shale operators have accumulated an estimated 3,900 drilled but uncompleted (DUC) horizontal oil wells with more than 90% in major liquids plays, said Rystad Energy’s latest analysis.
Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).
SandRidge files petitions under Chapter 11
May 16th, 2016 by Latest News
SandRidge Energy Inc., Oklahoma City, has filed petitions under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas.
US rig count falls for 20th-consecutive week as E&Ps continue to trim activity
May 6th, 2016 by Latest News
The US drilling rig count dropped 5 units to 415 rigs working during the week ended May 6, representing the 20th-striaght week of declines, according to Baker Hughes Inc. data.
Synergy Resources Corp., Denver, has agreed to acquire 33,100 net acres in the Greeley Crescent area of Weld County, Colo., from Noble Energy Inc., Houston, for $505 million. The deal is effective Apr. 1 and expected to close as early as June.
Merger and acquisition activity in the US oil and gas industry held steady while deal values were down during this year’s first quarter compared with first-quarter 2015, according to the latest analysis by PwC US.
Crude oil production in May from the seven major US shale regions is expected to fall 114,000 b/d to 4.84 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).