Operated

Privately held Tanos Energy of Tyler, TX, recently acquired East Texas and North Louisiana assets from ConocoPhillips and Fidelity Exploration and Production Co. Tanos also has received an additional $500 million in capital commitment from Quantum Energy Partners.

Privately held Tanos Energy of Tyler, TX, recently acquired East Texas and North Louisiana assets from ConocoPhillips and Fidelity Exploration and Production Co. Tanos also has received an additional $500 million in capital commitment from Quantum Energy Partners.

A group of about 89 landowners in western New York state filed a lawsuit in a U.S. bankruptcy court against Norse Energy Corp. USA on Friday after the company declared a force majeure and extended its oil and gas leases.

Gulfport Energy Corp. expects to increase the number operated horizontal rig count in the Utica Shale to seven from the current four by the end of June, and it has budgeted $494-504 million to drill 55-60 gross (49-54 net) wells in the play this year, company officials said Wednesday.

A 24-inch diameter natural gas pipeline operated by Williams Partners Ltd. in Marshall County, WV, ruptured early Friday afternoon, forcing the evacuation of homes and businesses in the Reid Ridge area, said Marshall County Sheriff Kevin Cecil.

Magnum Hunter Resources Corp. brought online two new company-operated Eagle Ford Shale wells three days before Christmas. The wells’ best-ever results for the company in the Eagle Ford could have Magnum Hunter rethinking its idea of divesting the South Texas properties, said CEO Gary C. Evans.

Magnum Hunter Resources Corp. brought online two new company-operated Eagle Ford Shale wells three days before Christmas. The wells’ best-ever results for the company in the Eagle Ford could have Magnum Hunter rethinking its idea of divesting Eagle Ford properties, said CEO Gary C. Evans.

U.S. hydraulic fracturing (fracking) capacity utilization has fallen by almost one-third since January, and all of the major domestic plays are in a “negative frack pricing environment,” according to PacWest Consulting Partners.

Big Sky Petroleum Corp. has acquired a 90% working interest in an initial lease block of more than 2,300 net operated acres on the eastern shelf of the southern Midland Basin in West Texas. The deal gives the Vancouver, BC-based company entry into the Wolfcamp/Wolfberry play.