The Permian Basin proves to be a bright spot in the US oil recession as operators continue to pick up acreage and send rigs back to work. How long can we expect this regional trend of rig increases to continue? Meanwhile, midstream company Williams attempts to revive the Barnett Shale by renegotiating gas gathering contracts in operators' favour. But are the reduced fees enough to offset low commodity prices and jump-start drilling? Stories this week include:
Parsley Energy pays premium for Glasscock County acreage
Concho expands its footprint in Midland Basin
Chesapeake exits Barnett; Williams lowers fees to bring back rigs
Permian Basin drives biggest weekly US rig increase this year
Wells to watch: operators step out of core STACK
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Insight | Aug 2016
US Upstream week in brief: 17 August 2016
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