Friday, December 13, 2024

The Market is Taking Note of The Montney Players

The stacked pay in the Montney is delivering higher EURs than the Permian at a fraction of the land cost Oil and gas operators have been increasingly sending capital in the Permian Basin as they look for the strongest returns amid continued weakness in crude oil prices. Billions of dollars have poured into the basin, which currently holds 41% of

The Shale Boom in the Permian Is Slowing Down - 360

Drilling in the Permian Exceeds Year-Ago Levels

U.S. rig count jumps 20  Drilling activities continue to ramp up ahead of OPEC’s meeting November 30 as U.S. operators look to take advantage of improved oil prices and greater drilling efficiencies. The total number of rigs drilling in the country increased 20 to 588 for the week ended November 18, 2016, according to Baker Hughes Industries (ticker: BHI), with