Oklahoma

Continental Resources Inc. reported production increases across the board, including a surge in the Midcontinent, and said plans are on track to reduce debt sharply by year’s end.

The U.S. Bureau of Land Management (BLM) office in New Mexico has deferred nine parcels totaling about 1,500 acres from a March lease sale due to the parcels’ proximity to the Chaco Culture National Historical Park.

The Lone Star State led the nation last year in oil and gas industry employment with an estimated 352,371 jobs, a gain of 26,700-plus from 2017, according to the annual report by the Texas Independent Producers & Royalty Owners Association (TIPRO).

Although the number of earthquakes in Oklahoma measuring 3.0-magnitude or greater declined for the third straight year, the state’s seismologist said researchers expect such quakes, most of which are attributed to wastewater injection, will continue for years, perhaps a decade or longer.

Eight U.S. states and the Gulf of Mexico are among the top 10 best places in the world in which to invest in oil and natural gas, according to the Fraser Institute’s annual survey.

Oklahoma regulators have exclusive jurisdiction over all oil and natural gas operations, the state’s high court has ruled, siding against Kingfisher County officials, who had attempted to ban the use of temporary wastewater lines on private property.

Marathon Oil Corp. has shifted into heavy development mode in Oklahoma’s stacked plays, even as it touts other basins and the diversity of holdings that include prolific basins in North Dakota and Texas-New Mexico.

The Oklahoma Corporation Commission (OCC) said Oklahoma City-based Roan Resources Inc. has voluntarily agreed to permanently end all hydraulic fracturing operations at a well in Grady County after the region was struck by a 3.4-magnitude earthquake on Sunday (Nov. 4). Following the quake, the OCC’s Oil and Gas Division had ordered Roan to halt fracturing operations at the Victory Slide well near Bridge Creek, OK.

Regulators in Oklahoma ordered Roan Resources Inc. to halt completion operations at an oil well after the Midcontinent region was struck by a 3.4-magnitude earthquake on Sunday evening.