Oklahoma Governor Signs Bill Limiting Local Control of Oil/Gas Activities

Oklahoma Gov. Mary Fallin signed a bill reaffirming the primacy of the Corporation Commission (OCC) in regulating the oil and gas industry, becoming the second state to effectively prevent localities from enacting their own regulations on energy development, including attempts to restrict or ban hydraulic fracturing (fracking) and injection wells. Read More

Texas Injection Wells Shut; New Oklahoma Rules Having Effect

After a 4.0-magnitude earthquake in North Texas on Thursday, four area drilling waste disposal well operators have shut down operations at five wells while data on seismicity in the area is collected. Meanwhile, Oklahoma injection well operators are living in a different world following quake-minded regulatory initiatives. Read More

Rigs: Fewer Falling, Many Waiting to Return

As with the overall rig count, declines occurring in U.S. unconventional basins appear to be leveling off, according to Baker Hughes Inc. data for the week ending Thursday April 2, and NGI analysis. However, the downturn has cut the rig census by roughly half, and there are plenty of high-efficiency rigs ready to get back in the game, analysts said. Read More

EnLink's $600M Midstream Deal Expands Permian Activities

EnLink Midstream Partners LP plans to pay about $600 million in cash and partnership units for Permian Basin gas gatherer and processor Coronado Midstream Holdings LLC, continuing an acquisition spree backed by a " position which allows us to effectively expand in times like these," EnLink CEO Barry Davis said Monday. Read More

Kinder Buying Harold Hamm's Bakken Pipes in $3B Deal

Kinder Morgan Inc. (KMI) agreed to pay about $3 billion, including about $1 billion of assumed debt, for Hiland Partners, which has crude oil gathering and transportation pipelines, and natural gas gathering and processing systems, primarily serving the Bakken Shale in North Dakota and Montana. Read More