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Tuesday, June 16, 2026

December 2, 2016

U.S. Rig Count Approaches 600

December 2, 2016

Total U.S. rig count climbs up again The number of rigs continued to rise this week following OPEC’s agreement to cut 1.2 MMBOPD of production. The total number of active rigs in the United States reached 597 for the week ended December 2, 2016, according to Baker Hughes Industries (ticker: BHI), up four from last week. The number of rigs

The STACK and SCOOP Valued at $40 Billion with Upside

December 2, 2016

Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have become the focus of the industry. Despite that, there remains a tremendous potential in the STACK and SCOOP plays, according to

SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

December 2, 2016

SM Energy closes $765.8 million Williston Basin divestiture SM Energy (ticker: SM) announced Thursday after market close that the company has completed its previously announced divestiture of its Williston Basin assets located outside of Divide County, North Dakota to Oasis Petroleum (ticker: OAS). Net cash proceeds from the deal amount to $765.8 million, according to the company’s press release. Third

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