June 1st, 2021

May Activity Summary

Largest Change by Basin

Oil: Permian +9 Hz Rigs 

Gas: Haynesville +2 Hz Rigs 

 

Latest drilling rig info &

interactive charts and maps

Click below

 
Rig Update

Sources: Baker Hughes, Primary Vision, EIA, Mudrock Energy

(most recent data as per bulletin date)

Popular Mudrock Energy Posts

 

Appalachia Natural Gas Production

 

 

The basin averaged approximately 34 bcf/d of unconventional production in December 2020.

 

This rate represents an increase of 4% from December 2019. 

 

 
Full Post
 

EQT + Alta Production

 

Following EQT's acquisition of Alta Resources:


If EQT were a country, it would be in the top 20 natural gas producers in the world.

Based on the latest data - it would be 16th, just behind the UAE and above Uzbekistan.

 
Full Post

 

Unconventional Oil & Water Production

 

The basin averaged ~118 mbbl/d of unconventional oil production in December 2020. This rate represents a decrease of 16% from December 2019. 

 

 
Full Post

Other Industry News

Cabot Oil & Gas and Cimarex Energy join in $17bn merger

The enlarged company will have assets in Marcellus Shale, the Permian Basin, and the Anadarko Basin US-based natural gas producer Cabot Oil & Gas has agreed to merge with Permian Basin operator Cimarex Energy in a deal that values the combined business at nearly $17bn.

Another Oklahoma energy company emerges from bankruptcy with lightened debt load

Oklahoma City-based Gulfport Energy Corp. is back (from bankruptcy). On Tuesday, the company announced it successfully completed a restructuring process to emerge from chapter 11 protection with a new interim CEO, a new board and significantly less debt. It is among numerous Oklahoma-based energy companies to emerge from bankruptcy in recent years, including Chesapeake Energy, which emerged from its process in February.

Thousands of abandoned Ohio oil and gas wells may be hidden. Drones could help find them

Our FREE newsletters provide a daily roundup of the morning's top headlines. Subscribe today! After successful trials using drones to discover abandoned oil and gas wells, Ohio authorities are looking to expand their use and to speed up remediation at hundreds of sites across the state.

Natural Gas Giant EQT Buys Marcellus Assets Of Alta Resources For $2.9 Billion

Joe Greenberg launched Alta in 1999 with backing from the family of fracking pioneer George Mitchell. This week EQT announced the $2.9 billion acquisition of the Marcellus shale assets of Alta Resources. The package consists of roughly 300,000 net acres in the core northeastern Marcellus currently producing 1 billion cubic feet per day of dry gas, plus integrated pipeline assets.

Search for rare earth elements expands from Hazleton

May 10-Partners designing a plant to extract rare earth elements from coal waste in Hazleton are part of a group awarded $1.2 million to widen a search for those materials. Penn State University leads the group that will look for rare earth elements in three-fourths of Pennsylvania and parts of Ohio, New York, West Virginia and Maryland.

Welcome to the Rock Report.

Released monthly, the bulletin highlights popular posts from Mudrock Energy, a monthly horizontal rig summary, and third-party news and papers.

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