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

Data Hints Slight Decline in OK’s Small Quakes in 2H2015; Ops at Five Injection Wells Curtailed

Actions taken by the Oklahoma Corporation Commission to mitigate earthquakes, coupled with a possible decline in the state's oil and gas production for 2015, may have contributed to a slight decline in the number of small temblors to hit Oklahoma during the second half of the year, according to the Oklahoma Geological Survey. Read More

Cimarex Beats 3Q Output Guidance, to Deploy 12 Rigs in 2016

The pursuit of more efficient drilling and the use of longer laterals continued to be the name of the game for Cimarex Energy Co. during the third quarter, as it cut from 16 to 12 the number of rigs it plans to deploy in the Permian Basin and the Midcontinent next year. But the company blew past its production guidance, and impairments on the value of its oil and gas portfolio trimmed quarterly earnings by more than $750 million. Read More