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North American Oil, Gas Rig Count Falls to Record Lows

2020-05-22 19:30:48| OGI

The U.S. rig count, an early indicator of future output, fell by 21 to a record low 318 in the week to May 22, according to data from energy services firm Baker Hughes Co.

Tags: north american record count


US Cuts Royalties for Hard-hit Oil, Gas Drillers

2020-05-21 19:55:05| OGI

The U.S. Bureau of Land Management (BLM) approved royalty rate cuts on at least 76 federal drilling leases in the state of Utah in recent weeks, according to the database.

Tags: gas oil cuts royalties


Oil and Gas Investor At Closing: Looking for the V-shape

2020-05-21 18:00:00| OGI

We have to bet on pent-up demand. The recovery appears to be V-shaped in most markets. We hope to see that in the energy world as well.

Tags: the gas oil closing


On the Market Oil and Gas Quicklist (Week of May 20, 2020)

2020-05-20 19:00:00| OGI

Heres a quicklist of oil and gas assets on the market including a package of royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the SandRidge Mississippian Trust II.

Tags: week market gas oil


Trump Administration Postpones New Mexico Oil, Gas Auction

2020-05-20 18:02:15| OGI

BLM had been scheduled to offer 94 parcels on more than 45,000 acres (18,211 hectares) in New Mexico and Texas via an online auction.

Tags: mexico administration gas oil


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