Sunday, November 24, 2024

Drilling Activity Falls in First Drop in Eight Weeks

993 rigs now drilling U.S. drilling activity declined for the first time in eight weeks, according to Baker Hughes’ Weekly Rig Count. The total number of rigs drilling in the U.S. fell by two to end the week at 993, as activity continues to fall just short of the 1,000 rig mark. Land rigs decreased by two this week, falling

Unit Corp Accelerates Drilling Program with $300 Million Sale

Divesting 50% Interest in Superior Pipeline Unit Corporation (ticker: UNT) has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, is jointly owned by OPTrust and funds managed by Partners Group, a global private markets investment manager. The sale is