Scoop

An active year in which it set out to delineate the South Central Oklahoma Oil Province (SCOOP), along with a push to acquire and trade for leasehold in core areas, has led Gulfport Energy Corp. to increase 2017 capital spending by 10.5% this year to $1.16 billion.

Gulfport Energy Corp. has again beaten Wall Street consensus, reporting 1.2 Bcfe/d of third quarter production driven partly by more volumes from its nascent program in the South Central Oklahoma Oil Province (SCOOP).

Gulfport Energy Corp. continued to lean on the Utica Shale, which helped it to outperform expectations and beat guidance during the first quarter, when it got to work on building a new core asset into its portfolio in the South Central Oklahoma Oil Province (SCOOP).

Newfield Exploration Co. offered what some analysts took to be a conservative outlook for activity in 2017, but during a conference call Wednesday, CEO Lee Boothby said the company is ready “to step on the accelerator” when stronger commodity prices and incremental cash flow give it the incentive.

Gulfport Energy Corp. has plans this year to get familiar with the South Central Oklahoma Oil Province (SCOOP), hoping to transfer what it’s learned during the last five years in Ohio’s Utica Shale to the Midcontinent’s stacked pay potential.

Private equity-backed Casillas Petroleum Resource Partners LLC announced a $294 million deal late Monday with Continental Resources Inc. to buy up 30,000 net acres in the SCOOP (South Central Oklahoma Oil Province) of the Anadarko Basin.

A subsidiary of Tulsa-based Velocity Midstream Partners LLC said Monday that it has entered a joint venture (JV) with CVR Refining LP to construct a crude oil pipeline and terminal that would link production from the South-Central Oklahoma Oil Province (SCOOP) to a nearby refinery.

Enable Midstream Partners LP, lifted by increasing natural gas volumes from the Anadarko Basin’s South-Central Oklahoma Oil Province (SCOOP), is looking for business ventures both in the Midcontinent and across the U.S. onshore, the company’s CEO said Wednesday.

The best producing areas around the South-Central Oklahoma Oil Province (SCOOP) may be “on par” with the Eagle Ford and Bakken shales, able to generate more than 1 million boe/d by 2020, according to an analysis by Wood Mackenzie Ltd.