Midcontinent

Onshore-focused explorers Cimarex Energy Co., Laredo Petroleum Inc. and Diamondback Energy Inc. each reported increased oil production in 2017 and in some cases broke company records, and all three plan to operate within cash flows in 2018.

With funding from private equity giant Kayne Anderson Energy Funds, Native Exploration Holdings LLC plans to prowl for opportunities in the Midcontinent, particularly Oklahoma.

Linn Energy Inc., which emerged from the commodity price downturn smaller but still energized, on Wednesday agreed to combine forces with a private operator to create Roan Resources LLC, whose goal is to accelerate development in Oklahoma’s prolific Anadarko Basin.

NextEra Energy Inc. said three natural gas pipelines under development by a subsidiary are on track, but FERC records show the company’s plans for a fourth pipeline that would serve the Midcontinent region have been withdrawn.

Though often overshadowed by its Permian cousin to the south, the Anadarko Basin, with its stacked reservoirs, is generating plenty of buzz in its own right heading into 2017.

Physical gas for Tuesday delivery gained ground Monday as a strong screen and firm pricing in the East, Gulf and Midwest were able to overcome softer pricing in the Midcontinent and California.

Physical gas for Tuesday delivery gained ground Monday as a strong screen and firm pricing in the East, Gulf and Midwest were able to overcome softer pricing in the Midcontinent and California.

SandRidge Energy Inc. is evaluating options to take the company private or voluntarily reorganize under Chapter 11, the Oklahoma City-based independent said Wednesday.

Houston-based Lucas Energy Inc. is entering the Midcontinent by acquiring working interests in producing properties and undeveloped acreage, mainly in Central Oklahoma’s Hunton formation, in a cash, debt and equity deal. The company plans to rebrand itself as Camber Energy Inc. following completion of the acquisition. Shares soared on the news Thursday.