Wednesday, January 22, 2025

U.S. Rig Count Heads Up to 1,059

Baker Hughes released its weekly rig count today. The total U.S. number of rigs went up 13, ending the week of May 25, 2018 at 1,059. A year ago at this time there were 881 U.S. rigs at work. Texas has the most rigs by far at 534. Oklahoma is the closest competitor at 140 rigs. Last year the two

The Permian’s Precious Water: E&Ps Weigh In

In this Midland/Delaware Basin infrastructure roundup, the following E&Ps are covered: Halcón Resources Company (ticker: HK) Approach Resources Company (ticker: AREX) Apache Company (ticker: APA) Callon Petroleum Company (ticker: CPE)   Waterworks   Halcón plans water saving costs Halcon reported a LOE and workover expense at $6.3 million for the quarter, or $6.36 per Boe. This amount included approximately $700,000

Strategic Oil & Gas to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Strategic Oil & Gas Ltd. (ticker: SOG) is an oil and gas company based in Calgary, Canada. In the first quarter of 2018, Strategic drilled two horizontal Muskeg development wells at west Marlowe in northwestern Alberta. The wells commenced production in March, one month ahead of schedule. Production for the quarter was 2,183 BOEPD. According to the company’s April 2018

US NatGas Poised for Global Rise

By AFP/Daily Mail The United States produces natural gas in abundance and is poised to become the world’s third-largest exporter by 2020, a production ramp-up supported by President Donald Trump. Thanks to advances in shale gas production, notably in the northeast, America has been the world’s largest natural gas producer since 2009 and extracted two billion cubic meters per day in

Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Consolidation continues in the Permian, with Callon Petroleum (ticker: CPE) purchasing $570 million in assets Thursday. Callon intends to acquire 28,657 net acres in the Delaware, primarily in Ward and Loving Counties, from Cimarex Energy (ticker: XEC). This acreage is partially contiguous with Callon’s assets in the Delaware, and is all at least nearby. Over 90% of the new acreage

Whiting Petroleum to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Produced 127 MBOEPD in Q1 Whiting Petroleum Corporation (ticker: WLL) is an independent exploration and production company focused on an oil asset base in North Dakota’s Williston Basin. Headquartered in Denver, Colorado, Whiting is one of the largest crude oil producers in North Dakota. Whiting produced an average of 127 MBOEPD in the first quarter of 2018. The company drilled

Apache Dedicates Alpine High NGLs to Enterprise

Enterprise Products Partners L.P. (NYSE: EPD) and Apache Corporation (NYSE and NASDAQ: APA) executed a long-term agreement, in which Apache is committing 100 percent of its Alpine High natural gas liquids (“NGLs”) to Enterprise. Apache has 336,000 net acres in its Alpine High discovery in the Delaware Basin. Enterprise has committed to accept a minimum of 205,000 barrels per day