Friday, October 18, 2024

U.S. Rig Counts Continue to Slide

Largest horizontal decrease this year Drilling activity in the U.S. continued to decline this week, extending the slide to three weeks in a row, according to Baker Hughes Weekly Rig Count. A net five rigs shut down in the past week, leaving 1,047 rigs drilling in the country. Eight land-based rigs came offline, while two inland waters and one offshore

Appalachian M&A Ends Quarter with $2.1 Billion in Deals

Huron, Utica properties changing hands After a slow quarter, Appalachian M&A activity closed out Q2 with large deals today, with a combined value of $2.1 billion. EQT and Diversified EQT (ticker: EQT) announced the sale of its large Huron assets today, divesting 2.5 million acres for $575 million in cash. The assets have been extensively developed, and EQT reports there

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