Mississippian Lime

Oklahoma Governor Signs Bill Clarifying State's Authority to Act on Quakes

In an effort to reinforce the response to seismic activity in the state, Oklahoma Gov. Mary Fallin signed a bill clarifying that state regulators -- specifically, the Oklahoma Corporation Commission (OCC) -- has the authority to declare an emergency in matters pertaining to the oil and natural gas industry, and to take appropriate action when an emergency occurs. Read More

Chaparral Raising Two Rigs in Midcontinent by Year's End

Midcontinent pure-play Chaparral Energy Inc. had dropped all but one of its 10 rigs by early April, delayed completing wells and worked with vendors to reduce costs, a plan that is bearing fruit as it plans to add one rig within the next few days and third by the end of the year to enable it to hit production targets, the CEO said Monday. Read More