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Piceance Basin

Piceance Basin News

Operators Added +5 Frac Fleets: Week Ending August 27, 2021

Operators Added +5 Frac Fleets: Week Ending August 27, 2021

U.S. E&Ps added five (5) frac fleets this week to close at 239. As we pointed out in our analysis a few weeks ago, we believe and its…

Rig Activity By Operator: Week Ending April  09, 2021

Rig Activity By Operator: Week Ending April 09, 2021

This week operators added another -7 rigs. Lets take a look at the activity by basin. Click on image to enlarge. The Permian gave up 13 rigs, The…

Summit Midstream Fourth Quarter, Full Year 2020 Results

Summit Midstream Fourth Quarter, Full Year 2020 Results

Summit Midstream Partners, LP reported its Q4 and full year 2020 results. Financial Results Summit reported net income of $103.0 million, adjusted EBITDA of $61.8 million and DCF…

Terra Energy Buys Bankrupt Piceance Basin E&P

Premium content Terra Energy Buys Bankrupt Piceance Basin E&P

Terra Energy Partners, which is backed by Kayne Anderson and Warbug Pincus, said it has agreed to buy the assets of bankrupt Denham Capital backed-Ursa Piceance Holdings for…

Rig Count By Operator, County, Basin for Week Ending 12/4/2020

Rig Count By Operator, County, Basin for Week Ending 12/4/2020

The U.S count increased by +3 this week according to Shale Experts rigs database. The increases were in the Powder River Basin, and the Utica. See the chart…

Helmerich & Payne Fiscal Q4: Predicts Big Rig Jump at Start of 2021

Helmerich & Payne Fiscal Q4: Predicts Big Rig Jump at Start of 2021

Helmerich & Payne, Inc. reported its fiscal Q4 2020 results. Predicts 30% Rig Increase in Early 2021 President and CEO John Lindsay commented, “We expect our contracted rigs…

Natural Gas Focused E&P Files Bankruptcy; Plans to Liquidate

Natural Gas Focused E&P Files Bankruptcy; Plans to Liquidate

Ursa Piceance Holdings, a Denham Capital backed E&P with assets in the Piceance Basin, has filed bankruptcy. The company has 47,000 net acres in the Piceance Basin, with…

Rig Count By Operator : Week Ending - May 15, 2020

Rig Count By Operator : Week Ending - May 15, 2020

Today we are reviewing, operators continue to reduce their rig count as we head into the summer. This week we say operators reducing rig count by 15 net…

Drilling Activity : Rig Count By Operator - Week Ending 10-4-2019

Drilling Activity : Rig Count By Operator - Week Ending 10-4-2019

In this week's rig count we see that operators continue to slow down drilling activity. US Rig Count is down by -5 to end the week at 855.…

Vanguard Natural Resources Files for Bankruptcy Again

Vanguard Natural Resources Files for Bankruptcy Again

Vanguard Natural Resources, Inc. has filed for bankruptcy. This is the second time the company has filed Chapter 11 - Vanguard emerged from its last bankruptcy filing in…

Piceance Basin Top Operators (Undrilled Permits)

Company Last 12 Months
Terra Energy Partners LLC 20
Anschutz Exploration Corporation 5
Petroleum Resource Management Corp 4

Piceance Basin Well Completion Trend

Piceance Basin Rig Data: August 6, 2026

Piceance Basin Overview

Located in Colorado and Utah, the Piceance and Uinta Basins are popular targets due to their hydrocarbon diversity (natural gas, oil and coal can all be found within the plays). However, the most popular section of the Piceance/Uinta is its thick, oil-prone shale deposit.

Piceance Basin Mergers & Acquisitions

Piceance Basin Transactions By Quarter ($MM)