Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
Permian Drilling Slows Down
10/04/2022
Down 15% Vs. Recently Peaking in Mid-August
In this chart, we can see a constant growth in the number of drillings from January 2017 until December 2018 from about 300 to about 600. Subsequently, there was a gradual decline until March 2020 and the number of drillings decreased to 530.
At the beginning of 2020, the Corona crisis happened and provoked a considerable decrease in production capacity, including drillings which dramatically plummeted to around 130.
Only since August 2020, the quantity of them commenced to slightly raise and they stood still at approximately 240-250 in April-August 2021.
There was a huge uptick in drilling construction in January 2022, which steadily grew up to May 2022
It is important to notice that the number of drillings trended in June and fell in August 2022 and gradually decrease over the last 6 weeks.
More drill-down opportunities for the drilling activity research is provided by Rextag's Pad Activity Monitor (PAM).
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
Kingston Midstream Secures Deal to Acquire Clearwater Assets from Rangeland Midstream Canada
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/184Blog_Rangeland Energy Divests Canadian Pipeline to Kingston Midstream.png)
Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.
The green trend: TC Energy pledges to be carbon-free by 2050
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/TC_Energy_carbon-free_greenhouse-gas_emissions_ESG_midstream_GIS_NG_data_hydrogen_pipeline_maps.png)
TC Energy, the Canadian gas giant, recently announced its environmental, social, and governance goals, as well as emission reduction strategies. The company aims to become 100% emission-free by 2050 while promising to cut greenhouse gas emissions intensity from its operations by 30% by 2030 as an interim measure.
Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/187Blog_ONEOK Completes Acquisition of Magellan Midstream.png)
The merger between ONEOK and Magellan received approval from Magellan shareholders, securing just 55% of the total votes at Magellan’s meeting on Sept. 21. ONEOK Inc. has successfully concluded the acquisition of Magellan Midstream Partners LP on Sept. 25. The deal will bring together their respective assets and expertise, resulting in a powerful entity boasting an extensive network of approximately 25,000 miles of pipelines primarily focused on transporting liquids.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/186Blog_Viper Energy Secures $1 Billion in Permian.png)
Viper Energy's deal, comprised of cash and equity, secures an additional 2,800 net royalty acres in the Midland Basin and 1,800 in the Delaware Basin. Viper Energy Partners LP, a Diamondback Energy Inc. subsidiary, has inked a deal to acquire mineral and royalty interests in the Permian Basin. The deal, valued at around $1 billion, is with Warwick Capital Partners and GRP Energy Capital. Viper was established by Diamondback with the purpose of owning, purchasing, and capitalizing on oil and natural gas assets in North America, specifically targeting mineral and royalty interests.