Oklahoma

Led by the Permian Basin, an uptick in drilling activity during the week ended Friday (Dec. 18) saw the U.S. rig count rise eight units to 346, according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). Changes in the United States for the week included the addition of five oil-directed…

Houston-based Black Bear Transmission LLC said Thursday it has completed the sale of natural gas gathering assets in Oklahoma and Arkansas acquired earlier this year from Enbridge Inc.   The assets, owned by Ozark Gas Gathering LLC (OGG), were sold to an undisclosed buyer and terms were not released. OGG was acquired from Enbridge as part…

A raging fire lit up the night sky in rural Oklahoma Wednesday night after a natural gas explosion about three miles north of Piedmont in Kingfisher County, on a pipeline owned by DCP Midstream Partners LP. DCP confirmed to NGI there was a “pipeline release” around 8:30 p.m. The cause was not yet known. “At…

A raging fire lit up the night sky in rural Oklahoma Wednesday night after a natural gas explosion about three miles north of Piedmont in Kingfisher County, on a pipeline owned by DCP Midstream Partners LP. DCP confirmed to NGI there was a “pipeline release” around 8:30 p.m. The cause was not yet known. “At…

The Oklahoma Corporation Commission (OCC) has voted to leave a proration formula in place that limits natural gas production from some of the state’s most prolific wells.  In a 2-1 vote, with Chairman Todd Hiett and Commissioner Dana Murphy in support of the current formula, operators are required to limit an unallocated gas well’s absolute…

Anadarko Basin-focused Chaparral Energy Inc. said Monday a voluntary bankruptcy protection plan is in the offing to reduce debt and continue operating.  The Oklahoma City-based independent, which filed Chapter 11 petitions in U.S. Bankruptcy Court for the District of Delaware, has a restructuring support agreement (RSA) with funded debt holders to equitize $300 million of…

Marathon Oil Corp. said stabilization in commodity prices enabled the company to raise its full-year oil production outlook even as it keeps costs in check and further lowers its capital expenditure (capex) plans. Houston-based Marathon — which works in Oklahoma, the Delaware Basin and the Bakken and Eagle Ford shales — raised slightly its 2020…

Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6 cents day/day. October also slipped 2.6 cents to $2.305. Spot gas prices softened across the board as well, dragging down NGI’s Spot Gas…

Gulfport Energy Corp. is still curtailing Appalachian natural gas production in anticipation of better prices later this year and into 2021.  Given an uncertain economic outlook, weak energy demand and a slight rebound in associated gas volumes, Gulfport remains “cautious near-term on natural gas pricing,” said CEO David Wood during a call to discuss second…