Topic: Upton County TX

Well Highlights IP & BOE

Hess, EOG, Equinor, and Hunt Oil Complete New Unconventional Wells

Hess Corporation in Williston (2019-01-08) A Williston well was completed by Hess Corporation in Williams county, North Dakota. The SC-TR Slette-153-98-1819H-6 was drilled to a measured depth of 21,350 ft with perforations from 11,435 ft to 21,350 ft. It flowed 3,334 bbl of oil, 6,176 MMcf of gas, and 3,358 bbl of water on January 10. Propping agents, acid, iron control, acid inhibitors, and hydraulic horsepower are provided by Keane Group. EOG in Karnes County (2019-01-11) and (2019-01-13) EOG completed two wells in...

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Permian: Midland & Crockett are Top Counties for Drilling Permits

The week of July 17th drilling permit activity was down -34%, with 65 permits issued. The top counties were Midland and Crockett. Both counties had 0 permits issued the week prior. Rig activity in the Permian showed positive signs, with rigs increasing +3 this week.The chart below shows the decline in activity this year compared to the same week at this time last year, which had 235 permits during the week. Core Permian Counties The top 5 permitting counties from last week (2015-07-10), which include Reeves, Lea,...

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Permian Focus: Drilling Permits Down in Permian From Last Week

Permit activity in the Permian Basin has felt a steep decline since October 2014, correlating to the decline of completion and rig activity in the area. This past week, there were a total of 89 permits in the Permian, with 57 of them being horizontal and 27 of them being vertical (down from this past week's 107 permits). Upton County continues permit activity, as it is the top county for the week, up +6 from last week's 12 permits. Most Active Permian...

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Embracing a Changing Upstream Market, US Land Rigs down -85

The Baker Hughes US Rig Count for land rigs continued to drop to 1387 rigs, down -5.8% or -85 rigs compared to last week, with 80 of the 85 rigs being horizontal. WTI oil prices ended the week higher than last, settling at $51.78. Bloomberg market reports point to the shale bust beginning now as companies cut budgets, layoff employees, and begin asking service companies for price reductions. The changing market conditions will force many companies out. US Land Rigs Down -5.8%A...

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