A 2014 photo shows a worker waiting to connect a drill bit on Endeavor Energy Resources’s Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas. The number of rigs drilling for oil and gas in the U.S. dipped by five this week, continuing a slow decline for most of June.
Houston’s EOG Resources is selling its United Kingdom offshore businesses.
The sale is of EOG Resources operations at the Conwy oil field west of the United Kingdom and its 25 percent interest in the Columbus natural gas development project to Tailwind Energy. The price of the sale was not disclosed.
EOG Resources has been focusing its efforts on Texas shale plays like the Permian Basin in West Texas and South Texas’ Eagle Ford Shale field, among other U.S. shale resources.