Management

SandRidge Energy Inc. on Wednesday agreed to sell its Permian Basin portfolio for $2.6 billion in cash to privately held Sheridan Production Partners II, a sale that has been anticipated since early November.

The Interior Department’s Bureau of Land Management (BLM) Monday said that 31 onshore oil and natural gas auctions conducted generated $233 million for American taxpayers in fiscal year (FY) 2012.

With protesters opposed to hydraulic fracturing (fracking) outside, the Bureau of Land Management’s (BLM) California office held a lease auction last Wednesday on 15 oil/natural gas parcels in Monterey and two adjoining counties, selling all of the parcels and pulling in $104,000, including administrative fees.

The Bureau of Land Management (BLM) said Tuesday it sold 13 of 16 available parcels in an oil and natural gas lease sale in the Green River District in east-central Utah.

The latest Interior Department Bureau of Land Management (BLM) proposed plan on oil shale and oil sands leasing on western lands has come under attack from the chairman of a prominent House energy subcommittee.

EOG Resources Inc. CEO Mark Papa said the company has no plans to sell its estimable onshore natural gas leaseholds. But he also doesn’t expect management to spend much time or money on the plays in 2013.

EOG Resources Inc. CEO Mark Papa said the company has no plans to sell its estimable onshore natural gas leaseholds. But he also doesn’t expect management to spend much time or money on the plays in 2013, he told analysts last week.

During an earnings conference call last week, analysts peppered the management of Fort Worth, TX-based Quicksilver Resources Inc. with questions about efforts to establish a joint venture (JV) in the Horn River Basin and take a partner in the Barnett Shale, but executives were tight-lipped, not wanting to disclose details of talks.

Upstart onshore operator Halcon Resources Corp. expects to produce 17,000-20,000 boe/d in the final three months of this year and should produce 40,000-45,000 boe/d in 2013, management said Thursday.