Arkoma

Calgary-based Encana Corp., which is training more resources in the Permian Basin, said Monday it would sell the Arkoma Basin assets acquired in the takeover of Newfield Exploration Co. for $165 million.

Haynesville Shale producer Comstock Resources Inc. reported solid results from its mainstay play during the first quarter, and it now is gearing up to expand its expertise in the Bakken Shale with the backing of Dallas Cowboys owner Jerry Jones.

U.S. onshore producer Comstock Resources Inc. on Thursday said negotiations are underway with Dallas Cowboys owner Jerry Jones to become the majority shareholder.

Following its Chapter 11 reorganization last year, Houston-based Vanguard Natural Resources Inc. plans to cast off noncore assets and keep its focus on growth from the Piceance Basin in Colorado, the Pinedale Anticline in Wyoming and Arkoma in Oklahoma.

In order to meet the growing need for natural gas residue takeaway capacity in southeastern Oklahoma and provide more downstream optionality, Tall Oak Midstream III LLC on Tuesday launched a nonbinding open season to secure prospective shippers for a proposed 80-mile pipeline.

Targa Resources Corp.and MPLX LP plan to expand the Centrahoma Processing LLC joint venture that serves producers working in Oklahoma’s Arkoma Woodford Basin. Targa and MPLX plan to build a 150 MMcf/d cryogenic natural gas processing plant, to be named Hickory Hills, in Hughes County, which could begin operations in late 2018. Targa is contributing its existing 150 MMcf/d Flag City Plant acquired in May 2017 and then decommissioned, which would become Hickory Hills once additional required plant infrastructure is installed. Targa also agreed to contribute the 120 MMcf/d cryogenic Tupelo Plant in Coal County. In exchange, Targa would maintain its 60% interest and be paid an undisclosed amount by MPLX, its 40% partner.

Canyon Creek Energy-Arkoma LLC (CCEA) has added an estimated 50,000 gross acres in Oklahoma within the liquids-rich window of the Arkoma Basin, aka the Arkoma Stack, after its acquisition of Quanah Energy LLC.

A decision on whether opponents may be able to shut down Energy Transfer Partners LP’s Dakota Access Pipeline (DAPL) is on hold for at least two months, according to a schedule established Wednesday by U.S. District Court Judge James Boasberg for the District of Columbia. Boasberg ruled earlier in June the pipeline’s environmental review was in part inadequate and must be reconsidered. He previously ruled twice against challenges. The Standing Rock Sioux and Cheyenne River Sioux, together with environmental supporters, have attempted to halt DAPL operations for months.

Strong growth in oil production — especially in the Permian Basin — propelled Devon Energy Corp. to record the highest average daily production rate in its history during the second quarter of 2013, as the company also saw positive test results in the Woodford Shale.