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Small Earthquake Rattles Oklahoma Near Edmund

The U.S. Geological Survey (USGS) said an earthquake measuring 3.0-magnitude struck central Oklahoma last Saturday just north of Oklahoma City in the Midcontinent.

March 19, 2019

FERC to Rehear Two Interstate Natural Gas Pipe Rate Cases

Evidence into whether two interstate natural gas pipeline companies, which were placed under investigation in January, overcharged customers in recovering costs of service are getting a rehearing by FERC. Meanwhile, settlement talks over a probe into a third company continue.

March 18, 2019
Greater Sage Grouse RODs Ease Rules for Oil, Gas Leasing

Greater Sage Grouse RODs Ease Rules for Oil, Gas Leasing

The Interior Department’s Bureau of Land Management (BLM) has finalized Obama-era revisions to conserving greater sage grouse habitat in seven western states, in effect easing restrictions for oil and natural gas leasing.

March 15, 2019

Texas Court Rules Against Chesapeake in Eagle Ford Royalties Case

A Texas appeals court panel has ruled that Chesapeake Energy Corp. should have paid oil and gas royalties to Eagle Ford Shale leaseholders based on the gross proceeds from an adjacent well, not from take points within the trigger distances of the leases.

March 15, 2019
Permian Pure-Play Halcon Considering Potential Asset Sale or Merger

Permian Pure-Play Halcon Considering Potential Asset Sale or Merger

Less than a month after its CEO stepped down, the new head of Halcon Resources Corp. said the board plans to review financial and strategic options, including a potential sale or merger.

March 14, 2019

Chaparral Accelerating Merge Prospects in Oklahoma

Midcontinent operator Chaparral Energy Inc. plans to accelerate development of its Merge prospects in Oklahoma this year, as production surged in the Sooner Trend of the Anadarko Basin mostly in Canadian and Kingfisher counties, aka the STACK.

March 14, 2019

BLM Oil, Natural Gas Inspection Program Still Problematic, GAO Says

Despite four years of trying to fix the problem, the Bureau of Land Management (BLM) inspection program for oil and natural gas wells still has a significant workforce imbalance, according to a report by the Government Accountability Office (GAO).

March 13, 2019
Northern Oil Looking to Continue Williston Bolt-On ‘Ground Game’

Northern Oil Looking to Continue Williston Bolt-On ‘Ground Game’

Northern Oil and Gas Inc. executives said oil price volatility increased its opportunities for small “ground game” acquisitions in 4Q2018, and plans are to look for bigger prospects in the Williston Basin this year.

March 13, 2019

Pennsylvania Court Wades Into Injection Well Zoning Fight

The Pennsylvania Commonwealth Court has ruled that a wastewater disposal company was not required to wait to receive federal and state permits to convert a natural gas well into a wastewater injection well before challenging the validity of a local zoning ordinance.

March 11, 2019

Alaska Gasline Signs LNG Collaboration Agreement with BP, ExxonMobil

The Alaska Gasline Development Corp. (AGDC) has signed an agreement with BP plc and ExxonMobil Corp. to collaborate on ways to advance the state-owned corporation’s Alaska LNG project, including identifying ways to improve the project’s competitiveness and secure FERC authorization to build the project.

March 11, 2019
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