Sunday, June 7, 2026

The Rig Count is Up, but Not in the Permian

The Permian rig count fell in a week when overall activity increased The number of rigs actively drilling in the United States Rose again in the week ended September 9, with the total rig count climbing 11 to 508, according to information released by Baker Hughes Industries (ticker: BHI). The total rig count is currently 340 rigs (40%) lower than

PDC Energy Upsizes Offering to Fund $1.5 Billion Delaware Basin Entrance

PDC Energy expects gross proceeds of $675 million to help fund a portion of its Delaware Basin acquisition PDC Energy (ticker: PDCE) announced Thursday that it upsized its public offering to 7.9 million shares of common stock for total gross proceeds of approximately $500 million and $175 million of its convertible senior notes due 2021. Originally, the company had planned

U.S. House Passes Bill Allowing Lawsuits Against Saudi Arabia

If signed into law, new legislation would allow families of 9/11 victims to sue Saudi Arabia; but Obama says he will veto the bill when presented The House on Friday passed legislation that allows families of 9/11 victims to sue Saudi Arabia in U.S. courts. The legislation, called the Justice Against Sponsors of Terrorism Act (JASTA), passed unanimously by voice vote,

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Nighthawk Energy Provides Company Update

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces an update to current production levels, operations and existing litigation matters. Production Update The Company’s production continues to remain strong through the first seven months of 2016. The effects of a natural water drive in the Arikaree Creek field, along with the efforts from the production