Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy. The acquisition includes 256 operated and producing …
Effective Rig Count drops to 2,771: Permian oil growth slowing EnerCom has released its latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count fell to 2,771 in July, marking the first decline in the EERC since the downturn bottomed out in May 2016. The EERC expresses current activity measured in terms[Read More…]
