Jun 06


Devon to sell Assets Blog

Devon Energy Corp., the energy producer that’s targeted $3 billion of asset sales to fund drilling and lower debt, agreed to sell fields in Texas and Oklahoma and a royalty interest in the northern Midland Basin for almost $1 billion to undisclosed buyers. The largest transaction was for reserves in East Texas for $525 million, [&hellip

Apr 27


Zero Barnett Shale Rigs Working Blog

The number of rigs currently searching for Barnett Shale natural gas has plummeted to zero. We can’t remember when no rigs have been working in the Barnett. The days of $13.00 per MMBtu natural gas have been over since 2008. With current gas prices near $2.00 per MMBtu, it may be a long time before [&hellip

Apr 11

Wellreports Adds GPS Mapping Blog

Effective immediately, Anderson’s Drilling Reports is pleased to announce that each of our permitted well sites and rig locations in Texas, New Mexico & Oklahoma have GPS coordinates (lat/long) included in their descriptions. Subscribers can copy/paste these GPS coordinates into mapping software of their own choice or can simply click on the provided GPS coordinate [&hellip

Dec 22


Export Ban Lifted Blog

Good news for energy producers across the United States, the 40-year-old ban on crude oil exports has been lifted. It was all part of a spending bill signed by President Obama. It’s a big win for political conservatives and the oil industry who have been fighting to lift the ban for nearly two years. The [&hellip

Jul 15


WPX Buys Permian Basin Assets from RKI Exploration Blog

Don’t count the Delaware Basin out just yet. Tulsa-based WPX has agreed to buy certain Permian Basin assets from Oklahoma City-based RKI Exploration & Production for $2.75 billion in cash, stock and debt. WPX executives said the company plans to keep RKI’s Oklahoma City and New Mexico offices and their employees. RKI has about 100 [&hellip

Jun 10


RRC Chairman Change Blog

AUSTIN – Commissioner David Porter was unanimously elected Chairman of the Texas Railroad Commission today at the Commission’s open meeting. “As Railroad Commissioners, it is our job to make sure industry produces efficiently and economically, and does so in the safest, most responsible manner possible,” Porter said. “We meet our responsibilities at the Commission – [&hellip

May 12


Noble Energy to Acquire Rosetta Resources Blog

The first significant energy asset acquisition since the meltdown of crude oil prices, Noble Energy, Inc. (Noble Energy) (NYSE: NBL) of Houston and Rosetta Resources Inc. (Rosetta) (NASDAQ: ROSE) have announced a definitive merger agreement whereby Noble Energy will acquire all of the common stock of Rosetta in an all-stock transaction valued at $2.1 billion, [&hellip

Apr 15


Fracking in Pennsylvania Blog

A new study indicates fracking doesn’t appear to be allowing methane to seriously contaminate drinking water in Pennsylvania, contrary to some earlier, much publicized research that suggested a stronger link. The new study of 11,309 drinking water wells in northeastern Pennsylvania concludes that background levels of methane in the water are unrelated to the location [&hellip

Mar 31


Haliburton/Baker Hughes Blog

Halliburton Company announced March 27 that its stockholders approved Halliburton’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated. In addition, Baker Hughes announced that its stockholders adopted the merger agreement and thereby approved the proposed combination of the two companies. Ninety nine percent of the [&hellip

Mar 05


Texas Rig Count, Production & Storage Blog

Texas Rig Count, Production & Storage According to the Texas Railroad Commission, the Texas average rig count as of 13 February 2015 was 598, representing about 46 percent of all active land rigs in the United States according to Baker Hughes. The Railroad Commission reports that in the last 12 months, total Texas reported production [&hellip

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