Tulsa

The natural gas market may be in a “dire state,” but Tulsa-based contract driller Helmerich & Payne Inc. is poised to benefit as customers migrate to oil and liquids-rich shale plays where its high-performance AC-drive rigs are well suited to the more complicated work, CEO Hans Helmerich said Tuesday.

The natural gas market may be in a “dire state,” but Tulsa-based contract driller Helmerich & Payne Inc. is poised to benefit as customers migrate to oil and liquids-rich shale plays where its high-performance AC-drive rigs are well suited to the more complicated work, CEO Hans Helmerich said Tuesday.

Tulsa-based midstream company Caballo Energy LLC is targeting the Mississippi Lime of Oklahoma and Kansas, and the Cana Woodford Shale with its acquisition of Eagle Chief Midstream LLC, which owns a gas gathering and processing system in northwestern Oklahoma.

Tulsa-based WPX Energy, which recently spun off from Williams as an independent exploration and production company, has elected its 10-member board of directors. William G. Lowrie, the former deputy CEO of a BP plc predecessor company, is to chair the company, which is focused on natural gas, natural gas liquids and oil reserves, particularly in the Piceance Basin, Bakken Shale and Marcellus Shale. The directors are WPX CEO Ralph A. Hill, Kimberly S. Bowers, John A. Carrig, William R. Granberry, Don J. Gunther, Robert K. Herdman, Henry E. Lentz, George A. Lorch and David F. Work. Lorch is to serve as chair of the board’s nominating and governance committee. Granberry was appointed to serve as chair of the compensation committee, while Herdman will chair the audit committee.

Former Petrohawk Energy Corp. CEO Floyd C. Wilson, under the banner of Halcon Resources LLC, is leading a charge to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.

Former Petrohawk Energy Corp. CEO Floyd C. Wilson, who recently created Halcon Resources LLC, is working with a group of investors to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.

Former Petrohawk Energy Corp. CEO Floyd C. Wilson, who recently created Halcon Resources LLC, is leading a charge to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.

Tulsa-based Williams Partner LP is negotiating to buy Delphi Midstream Partners LLC, which among other things would give the natural gas operator ownership of the Laser Gathering System and other facilities that serve the Marcellus Shale.

The majority of Tulsa-based oil and gas exploration and production company Samson Investment Co. is poised to be bought by a private equity group led by KKR & Co. for $7 billion, making it one of the largest private-equity takeovers of all time, according to press reports.