Anadarko Basin

Anadarko Basin-focused Chaparral Energy Inc. said Monday a voluntary bankruptcy protection plan is in the offing to reduce debt and continue operating.  The Oklahoma City-based independent, which filed Chapter 11 petitions in U.S. Bankruptcy Court for the District of Delaware, has a restructuring support agreement (RSA) with funded debt holders to equitize $300 million of…

Oil and natural gas production from seven key U.S. onshore plays is set to decline in September, continuing a downtrend that began earlier this year, according to the latest Drilling Productivity Report (DPR) published Monday by the Energy Information Administration (EIA). EIA expects oil production from the Anadarko, Appalachian, Denver Julesburg-Niobrara and Permian basins, as…

Houston-based Occidental Petroleum Corp. is throttling back from growth to ensure it can build cash flow to pay down some big debt maturities due in 2021, CEO Vicki Hollub said Tuesday. The company, better known as Oxy, has set spending priorities on maintenance, debt reduction and eventually a sustainable dividend before expanding, Hollub said during…

Lower 48 stalwart Devon Energy Corp. is working with fewer rigs and completion crews across its four core holdings in the Lower 48, but stronger oil production still is in sight for the year, along with a special dividend payment from former natural gas juggernaut, the Barnett Shale. CEO Dave Hager led a conference call…

The number of oil and natural gas wells likely to be drilled around the world this year is forecast to hit its lowest level since at least the early 2000s, with North America the most impacted from slumping demand in the age of Covid-19. An analysis by Rystad Energy issued on Tuesday pegged the number…

A new geological study that focused on areas of the Anadarko Basin in Oklahoma shows that differences in density between underground water and wastewater from oil and gas drilling injected into the ground corresponds with continued earthquakes long after the drilling stops.

A subsidiary of Riviera Resources Inc. plans to build a new crude gathering line in Oklahoma’s Anadarko basin as part of a newly inked shipping deal with exploration and production (E&P) company Roan Resources LLC, Riviera said Wednesday.

Roan Resources Inc. has redesigned its 2019 drilling plans for the stacked plays within the Anadarko Basin after four wells targeting the Woodford Shale were impacted last year by well interference issues with the Mayes Shale.

Midstates Petroleum Co. Inc. said Wednesday that it has reached a deal with an undisclosed buyer to sell its Anadarko Basin properties in the Texas panhandle and western Oklahoma for $58 million.