The US drilling rig count gained 15 units to 462 during the week ended July 22, representing its biggest increase since this week a year ago, according to Baker Hughes Inc. data. Fourteen of the units to come online are oil-directed. Source: News
Silver Run to buy Delaware basin producer
Silver Run Acquisition Corp., Houston, has agreed to acquire a controlling interest in Centennial Resources Production LLC and expects to be renamed Centennial Resource Development Corp. Source: News
Silver Run to buy Delaware basin producer
Silver Run Acquisition Corp., Houston, has agreed to acquire a controlling interest in Centennial Resources Production LLC and expects to be renamed Centennial Resource Development Corp. Source: News
Contango acquiring Delaware basin acreage
Contango Oil & Gas Co. has agreed to buy interests in about 12,100 gross undeveloped acres in the southern Delaware basin of Texas from a private oil and gas company for as much as $25 million. Source: News
BOEM: Western Gulf of Mexico Lease Sale 248 scheduled for Aug. 24
The US Bureau of Ocean Energy Management (BOEM) has scheduled Western Gulf of Mexico Lease Sale 248 for Aug. 24 in New Orleans. Source: News
BOEM: Western Gulf of Mexico Lease Sale 248 scheduled for Aug. 24
The US Bureau of Ocean Energy Management (BOEM) has scheduled Western Gulf of Mexico Lease Sale 248 for Aug. 24 in New Orleans. Source: News
MARKET WATCH: NYMEX September crude oil drops below $45/bbl
Light, sweet crude oil prices for September delivery declined by $1/bbl on July 21 to settle at $44.75/bbl on the New York market. Analysts and traders blamed the price drop on concerns that ample US gasoline supplies might drag down oil demand. Source: News
MARKET WATCH: NYMEX September crude oil drops below $45/bbl
Light, sweet crude oil prices for September delivery declined by $1/bbl on July 21 to settle at $44.75/bbl on the New York market. Analysts and traders blamed the price drop on concerns that ample US gasoline supplies might drag down oil demand. Source: News
WoodMac: US Lower 48 producers record $150 billion in capex cuts during 2016-17
The US Lower 48 has accounted for $150 billion of the $370 billion in global capital expenditure reductions by upstream firms during 2016-17, according to analysis from WoodMackenzie. Source: News
WoodMac: US Lower 48 producers record $150 billion in capex cuts during 2016-17
The US Lower 48 has accounted for $150 billion of the $370 billion in global capital expenditure reductions by upstream firms during 2016-17, according to analysis from WoodMackenzie. Source: News