Test

Gulfport Energy Corp. reported encouraging results from its first Springer Shale well in the South Central Oklahoma Oil Province (SCOOP), which yielded a strong oil cut and which may lead to continued delineation efforts.

Rex Energy Corp. said this week that a four-well pad it recently placed to sales in western Pennsylvania produced the highest condensate rates it’s recorded in the region.

Halcon Resources Corp. said it will exercise an option to acquire more than 6,000 net acres in West Texas within the Permian Basin’s Delaware sub-basin and drill at least two wells in the near future, after determining that its first operated well in the play was a success.

Along with several new natural gas-fired power plants, biomass is being explored as an alternative to coal in Oregon, where utilities and state officials have agreed to phase out coal use.

With a spacing test in southeastern New Mexico further delineating the stacked-play potential of its acreage, Devon Energy Corp. said it could ramp up to 10 rigs in the Permian Basin’s Delaware sub-basin by year-end 2017.

Gastar Exploration Inc. said it plans to spud a second test well targeting the Meramec formation within Oklahoma’s stacked shale plays after encouraging results from its first test well showed the formation extended farther to the northeast than previously thought.

Gastar Exploration Inc.’s first operated test in the Meramec formation within Oklahoma’s stacked reservoirs appears to extend the definition of one of the most promising plays in the U.S. onshore.

Cimarex Energy Co.’s first test of the Rogersville Shale appears to be a disappointment, a review of data released on Thursday by the Kentucky Division of Oil and Gas (KDOG) shows.

August natural gas is expected to open 6 cents lower Tuesday morning at $4.17 as traders factor in improving storage outlook and a deteriorating technical environment. Overnight oil markets retreated.