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.
Tag / Midcontinent
SubscribeMidcontinent
Articles from Midcontinent
NextEra Reports Three NatGas Pipelines ‘On Track’ But Bids Happy Trails to Sooner Trails
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but FERC records show the company’s plans for a fourth pipeline that would serve the Midcontinent region have been withdrawn.
E&Ps STACK-piling Acreage, See Major Upside in Midcontinent
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.
NatGas Cash Up A Nickel, Northern Border Ventura Flounders; Futures Gain 4 Cents
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.
NatGas Cash Up A Nickel, Northern Border Ventura Flounders; Futures Gain 4 Cents
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 Considers Bankruptcy, Sees ‘Substantial Doubt’ to Continue as Going Concern
SandRidge Energy Inc. is evaluating options to take the company private or voluntarily reorganize under Chapter 11, the Oklahoma City-based independent said Wednesday.
Struggling Lucas Energy Remaking Itself With Midcontinent Deal, Name Change
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.
Gastar Earnings Report Points to Economics Behind Planned Appalachian Divestiture
Hammered by Appalachian basis differentials, Gastar Exploration Inc. plans to continue focusing its capital on the Oklahoma liquids plays as it proceeds with plans to sell off its Marcellus and Utica acreage.
Advancing Weather Lifts Cash NatGas; Futures Mixed
Physical natural gas for Thursday delivery staged a broad, double-digit advance in Wednesday’s trading as a strong cold-weather system was expected to pound Rocky Mountain locations and move eastward impacting the East by the weekend. Nearly all points posted double-digit gains, but the Rockies and Midcontinent held a slight edge to the Midwest and Gulf.
Physical NatGas Flat, But August Futures Drops 8 Cents on EIA Data
Traders elected to get their deals done ahead of the Energy Information Administration’s (EIA) storage report Thursday and may have dodged a bullet or two in the process.