Wednesday, December 25, 2024

Permian Player Jagged Peak Energy Goes Public

Jagged Peak Energy is developing 60,000 net acres in the Southern Delaware basin Jagged Peak Energy (ticker: JAG), made its official debut today after the pricing of its IPO on the New York Stock Exchange. Jagged Peak also launched its new website: www.jaggedpeakenergy.com. The stock opened at $14.18 and had traded more than 13 million shares by midday Friday. Jagged

Permian Rig Count Now 60% Higher than Last Year: BHI

Total U.S. rig count up 18 from last week The rig count continued to rise in the United States for the week ended January 27, 2017, according to Baker Hughes Industries (ticker: BHI). The total count now stands at 712, up 93 from this time last year. The majority of the gains were once again from rigs drilling for oil.

EnerCom Launches EnerCom’s Effective Rig Count

EnerCom’s Effective Rig Count is a measure of drilling efficiency that accounts for the unique attributes of shale and the way shale plays are being developed in 2017 The industry has traditionally relied on the BHI weekly rig count as an indicator of the level of oil and gas activity taking place across the country and of what direction it

TransCanada Reapplies for Presidential Permit for Keystone XL Pipeline

TransCanada accepts President Trump’s invitation to begin permitting process TransCanada (ticker: TRP) applied for a Presidential Permit for approval of the Keystone XL pipeline yesterday, two days after President Donald Trump signed a memorandum to accelerate American pipeline projects. The White House memorandum invited TransCanada to “promptly re-submit its application to the Department of State for a Presidential permit for