Rig count in the Mid Con last 30 days, report date Feb 12th 2024. We are tracking 145 Oil & Gas Operator and 475 drilling rigs that drilled wells in 90 counties located in the Mid-continent.
Mid-continent Rig Count Feb 12th 2024
Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge
Permian oil production to hit fresh record in 2024
Production from the basin is set to reach 6.4 MMbpd at the end of this year, up from 6.1 MMbpd at the end of 2023, Plains All American Pipeline LP said in its fourth-quarter earnings presentation.
Devon interested in acquiring Canadian-based Enerplus
Reports suggest Devon is in talks with Canadian-based Enerplus and made an acquisition offer. Devon declined comment. Enerplus did not immediately respond to a request for a comment reported Reuters.
ConocoPhillips Q4 beats profit views on higher output
Conoco U.S. oil firms are reporting higher-than-expected oil production in the country’s main shale basin, with Chevron Corp surprising analysts last week and Exxon Mobil also expanding its U.S. production.
Why a polyurethane solid tank base is a better choice than a foam tank base
Polyurethane typically has a higher density and greater strength compared to expanded polystyrene. This can make polyurethane more suitable for tank bases where a higher level of structural support is required.
Apache use oilfield technology advances exponentially
“At Apache, we focus on delivering top operational performance,” an Apache spokeswoman said from Houston. “Over the last three years we have made significant strides to more efficiently and responsibly extract hydrocarbons including the elimination of routine flaring across U.S. onshore operations.
Chevron is targeting 1 million b/d from the Permian basin by 2025
Chairman and chief executive officer Mike Wirth and his team are forecasting that California-based Chevron will exit this year with Permian production of about 900,000 boe/d, a figure projected to grow to 1 million boe/d in 2025. Driving that “strong momentum,” they said, is work to build the company’s inventory of drilled-but-uncompleted (DUC) wells and the planned addition of a fourth fracturing crew to go with its 12 rigs in the basin.
Eagle Ford’s Core can still achieve sub-$45/bbl breakeven
Despite significant development to date, energy companies drilling in the Eagle Ford’s Core can still achieve sub-$45/bbl breakeven at 20 or more wells per section.
Range Resources
Range Resources ranks #74 in wells drilled in 2023 with 39 wells drilled in the US. Download drilling report
