Oklahoma

Targa Resources Corp. said this week that it has entered long-term fee-based agreements with an undisclosed producer that will find it spending $500 million to expand natural gas gathering and processing services in the Permian Basin’s Delaware sub-basin.

The U.S. rig count ratcheted higher for the week ending Friday, adding five units thanks to healthy gains in — where else? — the Permian Basin, according to data from oilfield services giant Baker Hughes Inc. (BHI).

The United States added one natural gas rig for the week ended Friday as oil drilling accounted for the bulk of the week’s domestic gains, according to data from oilfield services giant Baker Hughes Inc. (BHI).

Cash-strapped onshore operator SandRidge Energy Inc. late Monday rejected an unsolicitedmerger with Midstates Petroleum Co. Inc., but the Oklahoma City-based independent said it might consider another bid by the spurned suitor or pursue other options.

Oklahoma’s highest court has said “OK” to an oil and gas production tax.

In order to meet the growing need for natural gas residue takeaway capacity in southeastern Oklahoma and provide more downstream optionality, Tall Oak Midstream III LLC on Tuesday launched a nonbinding open season to secure prospective shippers for a proposed 80-mile pipeline.

Regulators in Oklahoma say data gathered since seismicity guidelines went into effect in late 2016 supports new requirements for oil and gas operators planning to drill in the state’s stacked reservoirs, thereby reducing the chances of future earthquakes from completion activities.

Midcontinent pure-play Gastar Exploration Inc. has reached an agreement to sell a big package of its Oklahoma assets to direct more funding to other stacked reservoirs in the state.

Another federal investigative agency has joined crews at the site of a deadly natural gas well explosion in eastern Oklahoma to learn more about what caused the accident.