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  • US drillers cut oil rigs by five

    North Dakota and Oklahoma see counts drop while California and New Mexico add rigs

    Online  upstreamonline.com 18 Aug 22:21 GMT Caroline Evans and Reuters

    Sanchez sells Javelina asset

    Dry-gas Eagle Ford property in South Texas fetches $105m in deal with undisclosed buyer

    Online  upstreamonline.com 18 Aug 16:54 GMT Luke Johnson

    Cuadrilla starts drilling at UK fracking site

    UK player kicks off work with pilot well in Northern England

    Online  upstreamonline.com 18 Aug 14:11 GMT Anamaria Deduleasa

    WPX looks to sell dry gas stakes in San Juan basin

    US producer WPX Energy is to place its dry gas assets in New Mexico’s San Juan basin on the market as a result of improved options at its Permian basin operations, writes Caroline Evans. “As we’ve proved the gas options up in the Permian, we now see that (the San Juan asset) is something that, in all reality, is not going to get funded,” chief operating officer Clay Gaspar said at the Enercom con

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Caroline Evans

    Well costs leap in the Stack and Scoop plays

    Shale operators in Oklahoma find completions costs are pushing spending over planned budgets

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Caroline Evans

    North Dakota output falls but wells grow

    Daily oil production in North Dakota declined in June even though the number of producing wells reached an all-time high, writes Caroline Evans. The US state pumped 1.03 million barrels per day of oil during the month, compared with 1.04 million in May, according to preliminary numbers from the North Dakota Department of Mineral Resources. Natural gas output fell from 1.853 billion cubic feet pe

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Caroline Evans

    Bill Barrett mulling over Uinta assets sale in Utah

    US independent Bill Barrett is to consider selling its Uinta basin assets in Utah by the end of the year as it looks to expand its Denver-Julesburg basin position in Colorado. "We haven't officially made that decision, we haven't hired an adviser, there's no data room open," chief executive Scott Woodall said at the Enercom conference in Denver this week. "But when you think about all the oppor

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Global Mediator

    Rig count shows oil boost but gas drop

    US drillers added oil rigs last week but dropped more gas-directed units as the pace of increases in the closely watched Baker Hughes tally showed signs of slowing amid a pull-back in operator spending. There were three more oil rigs drilling in the week to 11 August, bringing the total count to 768, the most since April 2015, according to Baker Hughes, now majority owned by GE. That compares wi

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Global Mediator

    Apache exits Canada

    US independent Apache has completed its exit from Canada after closing the last two of three deals that together were worth about US$713 million. The Houston-based player has finalised the sale of its Canadian subsidiary to Calgary-based Paramount Resources, including 185,000 net acres in the Montney shale and another 45,000 net acres in the Duvernay shale. Apache has also closed the sale of i

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Eoin O'Cinneide

    Cabot's eyes on deals

    US shale gas specialist Cabot Oil & Gas is considering asset deals and would not even rule out a sale of its prolific Marcellus acreage. In May, Cabot was said to have asked regional staff in the Appalachian basin for consolidation ideas. So far, it appears that options for acquiring overlapping acreage in the Marcellus shale are "limited", chief executive Scott Schroeder said at the Enercom conf

    Weekly  upstreamonline.com 17 Aug 23:00 GMT Caroline Evans