Oklahoma

Continental Propels Oklahoma Natural Gas Output Above Quarterly Forecast

Continental Propels Oklahoma Natural Gas Output Above Quarterly Forecast

Continental Resources Inc. reported better-than-expected natural gas production from its home base of Oklahoma for the third quarter of 2021. The Oklahoma City-based independent plans to maintain an emphasis on natural gas projects in the Sooner State amid the higher price environment. “We have elected to continue focusing on natural gas developments in Oklahoma based…

October 27, 2021
Diversified Energy to Acquire Oklahoma Natural Gas Assets in $419M Transaction

Diversified Energy to Acquire Oklahoma Natural Gas Assets in $419M Transaction

Diversified Energy Co. plc will continue its Lower 48 expansion, this time into the Midcontinent, through an acquisition of natural gas-weighted Oklahoma assets from Tapstone Energy Holdings LLC. Diversified, in partnership with Oaktree Capital Management LP, has entered into conditional agreements to acquire upstream assets, field infrastructure, equipment and facilities in Oklahoma from Tapstone for…

October 8, 2021
Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
Oklahoma Landowners Accuse Environmental Monitor of Bias in Favor of Cheniere’s Midship Natural Gas Pipeline

Oklahoma Landowners Accuse Environmental Monitor of Bias in Favor of Cheniere’s Midship Natural Gas Pipeline

Several Oklahoma landowners are pressing FERC to investigate what they say amounts to collusion involving an environmental compliance monitor, a Cheniere Energy Inc. pipeline subsidiary and the agency’s own Office of Energy Projects (OEP). Central Land Consulting LLC (CLC), which represents landowners on right-of-way for the Midcontinent Subheader Interstate Pipeline (Midship), said in recent filings…

August 20, 2021
EnLink Sees Oklahoma Declines Moderating as E&Ps Ramp Up, Permian Growth Continues

EnLink Sees Oklahoma Declines Moderating as E&Ps Ramp Up, Permian Growth Continues

Dallas-based EnLink Midstream LLC expects declining flows on its Oklahoma facilities to “moderate significantly” in the near term as producer activity picks up amid improving oil and natural gas prices. COO Ben Lamb said on EnLink’s 2Q2021 earnings call that rig activity doubled on the company’s dedicated acreage in Oklahoma during the second quarter as…

August 15, 2021
Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

Strong Week for Eagle Ford, Williston Sends U.S. Rig Count Sharply Higher

The Eagle Ford Shale and Williston Basin led a surge in U.S. onshore drilling activity during the week ended Friday as the domestic rig count rose nine units to an even 500, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting…

August 13, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
Cimarex Selling Some Midcontinent Assets to BCE-Mach III, but Region ‘Sustaining’ Part of Portfolio

Cimarex Selling Some Midcontinent Assets to BCE-Mach III, but Region ‘Sustaining’ Part of Portfolio

U.S. independent Cimarex Energy Co. has agreed to sell some of its Midcontinent properties, including a pair of natural gas gathering and processing facilities, to privately held BCE-Mach III LLC for an undisclosed amount. Under the recently signed purchase and sale agreement, the partnership of Houston-based Bayou City Energy Management LLC and Mach Resources LLC…

May 20, 2021
NOV Reports ‘Softer’ E&P Orders, Hit to Operations from February Freeze

NOV Reports ‘Softer’ E&P Orders, Hit to Operations from February Freeze

Operational disruptions from freezing weather in February, as well as softer-than-expected customer orders are set to weigh on first quarter results, NOV Inc. said Tuesday. The Houston-based oilfield technology giant said severe weather during February knocked out operations in Oklahoma and Texas, two of its biggest operating regions. In addition, there has been an underwhelming…

March 17, 2021
Oklahoma Wastewater Wells Ordered Shut After Latest Seismic Event

Oklahoma Wastewater Wells Ordered Shut After Latest Seismic Event

Exploration and production companies were told to halt or reduce wastewater injection activity after a magnitude 4.2 earthquake struck northern Oklahoma on Friday. The Oklahoma Corporation Commission (OCC) directed producers with disposal wells in the Arbuckle formation within three miles of the quake’s epicenter to stop operations and those with wells from three to 10…

February 23, 2021
‹ Previous 1 2 3 38