Privately held exploration and production (E&P) firms in the Eagle Ford Shale and Midcontinent regions could prove attractive targets for public producers seeking exposure to future strengthening of natural gas prices, according to Enverus Intelligence Research (EIR). EIR’s Andrew Dittmar, principal analyst, highlighted the Eagle Ford, the South Central Oklahoma Oil Province (SCOOP) and the…
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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…
BCE-Mach Adding to Midcontinent Footprint With STACK, Mississippi Lime Acquisitions
Privately held exploration and production firm BCE-Mach LLC said it has purchase and sale agreements for two Midcontinent acquisitions totaling $66.5 million, both of which are slated to close in the first quarter of 2022. In the first deal, BCE-Mach will acquire additional working interest across 61 wells it operates in Kingfisher County, OK. The…
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…
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.
Bison Buying Tapstone’s STACK Produced Water Infrastructure
Oklahoma water infrastructure company Bison said Wednesday is buying Tapstone Energy LLC’s produced water infrastructure in the Anadarko Basin for an undisclosed amount.
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.
Oklahoma Production Still Said Solid Bet, Despite Recent Grumblings
Recent corporate developments among Oklahoma oil and gas producers have called into question the solidity of returns on investment in the state, but producers and some analysts see value persisting in the prolific Anadarko Basin.
Chaparral Reports Surge in STACK Production, Drills Cube Spacing Test
Chaparral Energy Inc. said it’s finished drilling a spacing test in Oklahoma’s Sooner Trend of the Anadarko Basin mostly in Canadian and Kingfisher counties (STACK) during the first quarter and has several additional tests planned for 2019.
Chaparral STACKs Up ’19 Production Guidance on Efficiencies, Fewer Rigs
Oklahoma City-based Chaparral Energy Inc., which works the STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, expects to increase production by 45-59% this year using fewer rigs and less capital.