Oklahoma

Anadarko-Focused E&P Rebrands to Canvas from Chaparral

Anadarko-Focused E&P Rebrands to Canvas from Chaparral

Independent Chaparral Energy Inc. has been rebranded as Canvas Energy Inc., still privately held and still based in Oklahoma City. “Our new brand represents a renewed sense of purpose, enthusiasm and commitment to our employees, stakeholders, vendors and local communities to name a few,” said Canvas CEO Chuck Duginski. The company held about 231,000 net…

April 21, 2022
TC Testing Support to Expand Marketlink Oil Transport from Oklahoma to Texas Coast

TC Testing Support to Expand Marketlink Oil Transport from Oklahoma to Texas Coast

TC Energy Corp. is gauging customer interest in oil transportation services that would connect Oklahoma crude supply with downstream refining markets on the Texas coast. The binding open season to solicit firm commitments for oil transportation service on the Marketlink Pipeline System was launched Friday. Marketlink has a capacity of 750,000 b/d and connects to…

April 8, 2022
Oklahoma Orders Oil, Natural Gas Wastewater Disposal Wells Shut After Tremor

Oklahoma Orders Oil, Natural Gas Wastewater Disposal Wells Shut After Tremor

The Oklahoma Corporation Commission (OCC) on Tuesday ordered oil and natural gas wastewater disposal wells operating within six miles of a 4.5 magnitude earthquake that rocked central Oklahoma on Monday to be shut down indefinitely. The OCC’s Oil and Gas Conservation Division issued the formal directive as part of its continuing response to the quake…

February 2, 2022
Oklahoma Natural Gas Customers to See Smaller Hike in Winter Storm Uri-Related Charges

Oklahoma Natural Gas Customers to See Smaller Hike in Winter Storm Uri-Related Charges

Weeks away from the one-year anniversary of Winter Storm Uri, Oklahoma regulators have approved a plan that would lower and extend the natural gas costs incurred by consumers following the deadly storm. The Oklahoma Corporation Commission (OCC) order issued earlier in January allows the costs to be securitized under a law passed by the state…

January 28, 2022
U.S. OFS Employment Swings Back to Growth Mode

U.S. OFS Employment Swings Back to Growth Mode

The U.S. oilfield services (OFS) and equipment sector added an estimated 7,450 jobs in December, according to the Houston-based Energy Workforce & Technology Council. “As oil demand has pushed higher, it’s heartening to see continued job growth in the sector,” said Council CEO, Leslie Buyer. “The sector has recovered more than half of the jobs…

January 13, 2022
Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada

Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada

Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…

December 6, 2021
Xfuels to Acquire Oil, Gas Wells in Kansas and Oklahoma

Xfuels to Acquire Oil, Gas Wells in Kansas and Oklahoma

Alberta-based Xfuels Inc. reported Monday that it plans to expand into the United States by adding 516 Midcontinent oil and gas wells to its holdings. The new assets come via a letter of intent (LOI) to purchase 100% of the common stock of Jubilee Exploration LLC, which controls the wells across 10 counties in northeastern…

November 29, 2021
Targa Gauging Support to Move NGLs from Oklahoma to Mont Belvieu

Targa Gauging Support to Move NGLs from Oklahoma to Mont Belvieu

A Targa Resources Corp. unit on Thursday launched an open season to test support for natural gas liquids (NGL) pipeline transportation capacity from southern Oklahoma to the Mont Belvieu hub. Targa NGL Pipeline Co. LLC is gauging interest through Dec. 17 for capacity from a planned interconnection with upstream pipeline facilities in Oklahoma’s Stephens and…

November 19, 2021
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
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