Notes From All Over -- Part 1 -- June 28, 2019

I can't wait to see this. From oilprice, "oil rig count sees small rise ahead of OPEC meeting." And there it is. Total rig count ... OMG ...  unchanged. But that's only because oil rigs increased by four preventing an overall decrease. Natural gas rigs decrease by four. So, I guess the US oil companies got together and said, "Well, what should we do? It appears OPEC is going to have a meeting? Should we increase the number of rigs just to show OPEC we can do that? Sure, but we better drop the number of gas rigs to keep things in balance. Okay."

XOM getting out of deep water:

• W&T offshore to acquire XOM's producing properties in the eastern region of the GOM; $200 million; for W&T, a bolt-on acquisition;
• XOM shopping its non-operated producing assets in Norway; estimated value of $3 billion;

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.