Archive for the ‘Utica’ Category
The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound.
Antero lifts 2017 capital budget by 7%
January 6th, 2017 by Latest News
Antero Resources Corp., Denver, has set its 2017 capital budget at $1.5 billion, up 7% from 2016. The total includes $1.3 billion for drilling and completions and $200 million for core leasehold additions and extensions.
Gulfport Energy Corp., Oklahoma City, has agreed to acquire 46,400 net surface acres in the core of the South Central Oklahoma Oil Province (SCOOP) from Vitruvian II Woodford LLC, a portfolio company of Houston private equity firm Quantum Energy Partne…
Undeterred by the upcoming holiday week, the US rig count recorded yet another double-digit weekly increase.
Undeterred by the upcoming holiday week, the US rig count recorded yet another double-digit weekly increase.
EIA: Production from major US oil, gas regions to rise in January
December 12th, 2016 by Latest News
Crude oil and natural gas output from the seven major producing regions in the US is expected to begin 2017 with a modest increase, according to data from the US Energy Information Administration.
Quebec assembly passes oil, gas legislation
December 12th, 2016 by Latest News
Quebec’s National Assembly has approved legislation hailed by oil and gas companies as vital to tapping potential of unconventional reservoirs but resisted by environmentalists.
Gulfport Energy Corp., Oklahoma City, signed a definitive agreement with an unnamed third party to acquire 12,600 net undeveloped acres in northern Monroe County, Ohio, for $87 million.
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…