Scoop

Marathon Oil Keeping Production Flat, Focusing Efforts on Bakken, Eagle Ford in 2022

Marathon Oil Keeping Production Flat, Focusing Efforts on Bakken, Eagle Ford in 2022

Even if oil prices continue to improve in 2022, Marathon Oil Corp. is planning to keep production growth flat in order to ensure market-beating returns for investors, executives said.  During a conference call to discuss fourth quarter and full-year 2021 results, CFO Dane Whitehead said the Houston-based independent has a mandate to return at least…

February 23, 2022
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
Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances

Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances

Continental Resources Inc. plans to pivot from natural gas to oil-directed drilling in the latter half of 2021 in response to strengthening crude prices and a tighter supply-demand balance. Drilling in 2021 is to be mainly focused on the South Central Oklahoma Oil Province (SCOOP) and the mighty Bakken Shale of North Dakota, management said…

May 5, 2021
Gulfport Keeping Utica Natural Gas Curtailed to Await Better Prices

Gulfport Keeping Utica Natural Gas Curtailed to Await Better Prices

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…

August 6, 2020

Continental Proves Its Primacy in Oklahoma’s SCOOP and STACK

Oklahoma City, OK-based Continental Resources Inc. turned in a third quarter earnings report that beat expectations across the board, but results in Oklahoma demonstrated the company’s dominance as one of the only producers to continuously outperform in a play that has sent multiple operators running.

November 1, 2019
Encana Halts STACK Well Completion Following Two Earthquakes

Encana Halts STACK Well Completion Following Two Earthquakes

Encana Corp. has paused a well completion operation in the heart of Oklahoma’s stacked oil and gas formations following two earthquakes that measured 3.2- and 3.9-magnitude.

July 26, 2019

Gulfport’s 2Q Production Bounces Back as More Wells Turned to Sales

Gulfport Energy Corp. reported increased production during the second quarter as it turned more wells to sales following a slower stretch of completions activity at the end of 2018.

July 22, 2019

Gulfport Kicks Off Monetization Process with Small Sale of Marcellus Rights

Gulfport Energy Corp. said Friday it is making progress to simplify its portfolio as it zeros in on core assets in Ohio’s Utica Shale and the South Central Oklahoma Oil Province (SCOOP).

May 3, 2019

Gulfport 1Q Production Declines but Volumes Poised to Increase Through End of Year

Gulfport Energy Corp.’s production dipped in the first quarter following a slower operational period in late 2018 that the company anticipated ahead of a ramp in activity that started earlier this year.

April 22, 2019
Utica, SCOOP Keep Driving Production Gains for Gulfport

Utica, SCOOP Keep Driving Production Gains for Gulfport

Strong core production from the Utica Shale and the South Central Oklahoma Oil Province (SCOOP) again helped Gulfport Energy Corp. increase volumes in the third quarter, even though it turned fewer wells to sales than analysts had expected.

October 19, 2018
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