The Canadian government’s decision to buy the Trans Mountain Pipeline is said to be moving forward despite a unanimous ruling Thursday by a federal appeals court, which concluded that the government’s review was flawed and said Indigenous groups had not been adequately consulted.
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Oklahoma City-based SandRidge Energy Inc., dogged by Carl Icahn and facing financial pressures, has at least 26 confidentiality agreements with parties “actively pursuing” a potential transaction to buy the company outright or specific assets in the U.S. onshore.
Chaparral Energy Inc., a pure-play operator focused on the STACK (Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties) play in Oklahoma, said it has entered into an agreement to purchase 7,000 contiguous net acres in the latter county for $60 million in cash.
Canadians will buy American if the United States border stays open for natural gas and oil flows, according to a defense of free trade crafted by the Canadian Energy Research Institute (CERI).
Operators attempting to buy into the Permian Basin now may have to go big or go home, because most of the oil- and natural gas-rich acreage in West Texas and southern New Mexico is now within the grasp of public and privately held explorers.