Stack

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
BCE-Mach Adding to Midcontinent Footprint With STACK, Mississippi Lime Acquisitions

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…

December 22, 2021
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 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

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.

October 3, 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
Oklahoma Production Still Said Solid Bet, Despite Recent Grumblings

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.

June 25, 2019
Chaparral Reports Surge in STACK Production, Drills Cube Spacing Test

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.

May 10, 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.

February 26, 2019

Chaparral Ups Guidance in STACK While Gastar Mulls Its Future

Strong well results in Oklahoma’s STACK, aka the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, helped lift Chaparral Energy Inc.’s production by 44% year/year (y/y) in the second quarter and prompted the pure-player to raise its capital spend and production guidance for the year.

August 14, 2018
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