PostRock Acquiring Central Oklahoma Acreage

PostRock Energy Corp. is buying about 22,000 net acres of leasehold in Pottawatomie, Cleveland and McCain counties in central Oklahoma for $3 million in cash and $7 million of its common stock. The company is targeting multiple reservoirs, the most significant of which is the Woodford Shale. Read More

Gulf South Project to Link Shales to Louisiana Demand

Gulf South Pipeline Co. LP is targeting growing industrial demand in the Baton Rouge-New Orleans, LA, region with a potential expansion of its system that would tap shale gas supplies from multiple basins. The project joins another targeting a similar market from rival Spectra Energy Transmission. Read More

Midstates Shares Soar on Operations Update

An acquisition of acreage and production in the Anadarko Basin last spring is paying off for Midstates Petroleum Co. Inc., according to the company's operations update released Wednesday. The news cheered investors, who lifted Midstates shares more than 14% Wednesday. Read More