Birth Of A $4 Billion Shale Oil Giant

Posted: December 17, 2021
Category: News Pulse

RP Weekly Recap | December 13 – 17


EnCap Investments LP has combined two of its portfolio companies in the Permian Basin, creating an oil producer worth more than $4 billion including debt that the private equity firm wants to take public as soon as next year. The merger between Advance Energy Partners and Ameredev II LLC will result in one of the largest privately held players in the Delaware Basin and help the Permian reach an estimated 5 million bpd in production for the first time in history. Check out this story and more in this week’s recap of all things happening in oil and gas!

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 273,275,649 (up from 269,006,660 last week)
  • Number of Cases (USA): 50,538,538 (up from 49,775,621 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Jobless Claims Rose Slightly Last Week to 206,000 – the four-week average falls to the lowest since 1969

United States Rig Count

  • UP 3 from last week for a total of 579
  • Up 67.3% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Episode Seventeen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Cary Stockdell, CEO of Stockdell Stringer Leadership Solutions!

  • Curious about the facts and story behind the recent oil spill in California? Check out Part 1 and Part 2 of our series covering the story!  

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video uncovering what Holywood does not understand about a blowout. 

  • RARE PETRO and Rainmaker GBD collaborate on a monthly newsletter highlighting everything you need to know about the energy sector. This is a video interview with RARE PETRO’s Anthony McDaniels as he speaks on the biggest stories and dives a little bit deeper into supporting data. Welcome to the second edition of “Side Chat”

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

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