Mississippian

BCE-Mach LLC, formed earlier this year with the ousted founder of SandRidge Energy Inc., Tom L. Ward, on Monday said it would buy a bundle of properties in the Mississippian Lime that are primarily operated by Ward’s former company.

Devon Energy Corp. is taking $200 million for a package of Mississippian Lime/Woodford Shale assets in a sale to White Star Petroleum LLC, the newly renamed American Energy-Woodford LLC business founded by the late Aubrey McClendon.

Devon Energy Corp. is taking $200 million for a package of Mississippian Lime/Woodford Shale assets in a sale to White Star Petroleum LLC, the newly renamed American Energy-Woodford LLC business founded by the late Aubrey McClendon.

Midcontinent pure-play Chaparral Energy Inc. had dropped all but one of its 10 rigs by early April, delayed completing wells and worked with vendors to reduce costs, a plan that is bearing fruit as it plans to add one rig within the next few days and third by the end of the year to enable it to hit production targets, the CEO said Monday.

A U.S. arm of Royal Dutch Shell plc is throwing in the towel in the Kansas portion of the Mississippian Lime, selling off 45 producing wells and about 600,000 net lease acres.

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.

EnerJex Resources Inc. has agreed to acquire privately held Black Raven Energy Inc., a Denver-based company with more than 75,000 net acres leased in the Denver-Julesburg (DJ) Basin.

Driven primarily by the continued success of its drilling program in the Marcellus Shale, Range Resources Corp. saw its production volumes surge to a record high of 910 MMcfe/d in 2Q2013, a 27% increase over 2Q2012, the Forth Worth, TX-based company said Thursday.

The transition to U.S. oil targets by the exploration and production (E&P) industry now is complete, with operators more able to concentrate on drilling efficiencies and the higher capital outlays required, according to Canaccord Genuity.