Onshore

Across the U.S., operators added four rigs in the five-day period from Nov. 18 to Nov. 22, according to the Baker Hughes Rotary Rig Count. It was the second week in a row that the total U.S. count increased, with the new total standing at 622.

On Nov. 15, Sinopec struck sizeable oil and gas flows in the Yuejin 3-3XC well of its Project Deep Earth NO.1 in the Tarim basin, with a daily oil and gas flow of 200 tonnes in liquids and 50,000 cmg.

(WO) — Ukraine's state-owned Naftogaz’s subsidiary Ukrgasvydobuvannya has uncovered a highly promising gas deposit in the Carpathians, previously believed to be exhausted, the company announced on Nov. 20.

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Drillers in the U.S. shale patch are again trying to rebound from slumping activity, this time expanding the oil rig count by the widest margin in nine months.

(WO) — Aramco announced that it has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule.

(WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million.

The more bullish forecast for Permian production marks a turnaround from last month’s report, which had originally shown output contracting during every month between August and November from the prolific basin.

Asset highlights include recent production of approximately 32,000 boed (23% oil, 57% liquids) and PDP reserves of approximately 75 MMboe.

Prospera’s current gross production are 1,100 boed, with 400 boed shut-in to accommodate development, and another 300 boed behind pipe on minor repairs and optimization.

The West African nation’s junta has sought bids from companies to identify potential areas and produce basic data that’d help attract investors, according to a tender published by state oil company Societe Nationale des Petrole.

The ruling by Alaska-based U.S. District Judge Sharon Gleason means ConocoPhillips can continue developing the $7.5 billion project in the National Petroleum Reserve-Alaska that promises to eventually yield some 180,000 bopd.

The total includes 630 to drill new oil or gas wells, 7 to re-enter plugged wellbores and 50 for re-completions of existing wellbores.

The cash-and-stock acquisition will add about 800 drilling locations and an expected 56,000 boed of production in 2024, Calgary-based Crescent Point said Monday.

Average hourly earnings for front-line oil-and-gas workers rose 0.9% in September from the previous month to $43.63, according to a Labor Department report released Friday. Compared with a year ago, oil pay is up 5.7%.

The wells will provide a significant near-term production boost and are expected to generate substantial cashflows for the company, which can be reinvested into the development of its project in the Paradox basin, Utah.

Exxon Mobil Corp. named Bart Cahir as Senior Vice President of its shale division, replacing David Scott, who was arrested in Texas earlier this month and accused of sexual assault.

The joint ventures would include its activities in the Haynesville shale gas basin as well as the Eagle Ford.

The proposal for managing the National Petroleum Reserve-Alaska has alarmed oil industry advocates who say it would thwart development in a crude-rich region the size of Indiana.

Onshore drilling rigs need consistent, reliable power to operate efficiently, but they no longer must rely on diesel generators. A mobile substation that allows a rig to tap into the electrical utility grid provides a straightforward way to reduce reliance on fuel-burning generators, without compromising operational efficiency or productivity.

In Q3, U.S. upstream M&A cruised along with $14 billion transacted in 25 deals. A liftoff in corporate consolidation picked up the slack of declining opportunities to buy private assets with two-thirds of deal value last quarter coming from combinations between public companies.