Emily Patsy | Associate Managing Editor, Hart Energy. Thursday, March 29, 2018
Unit Corp. (NYSE: UNT) said March 29 it agreed to sell a stake in its midstream affiliate for $300 million, which will partly be used to boost the company's E&P drilling program.
The sale comprises a 50% equity interest in Superior Pipeline Co. LLC, a wholly-owned subsidiary of Unit. The buyer, SP Investor Holdings LLC, is jointly owned by OPTrust and funds managed and/or advised by Partners Group, a global private markets investment manager.
April 04, 2018 | Oklahoma Energy Today
Oilman and cattleman Tom Ward has expanded his newly-formed company’s holdings in northwest Oklahoma with the purchase of more than 1,100 wells and 155,000 acres from Chesapeake Energy, the company he helped found years ago.
Ward’s BCE-Mach LLC announced the closing of the deal on land and wells in Woods and Alfalfa Counties. BCE-Mach LLC, a partnership between Bayou City Energy Management LLC and Mach Resources LLC of Oklahoma City was formed with a focus on acquisitions with strong cash flow generation and drilling inventories.
The purchase involves nearly 1,150 wells with daily production of...
Seismic work is underway across the entire Middle East and North Africa in search of new, giant shale reserves.
Based on what Bahrain just found, there are probably oceans of oil and gas yet to be found.
Who knows what unexplored shale reservoirs under Ghawar field (Saudi Arabia), Burgan field (Kuwait), Safaniya field (Offshore Saudi Arabia), and Upper Zakum field (Offshore Abu Dhabi) may hold?
by Mark Christian - January 20, 2018 - Updated 8:01 pm CDT
Author's note: It is helpful for readers to understand wastewater disposal when reading the recently published study by Virginia Tech researchers. To enhance that understanding, I included a couple of paragraphs about wastewater disposal via underground injection in Oklahoma.
Since 2011, Oklahoma became the most earthquake-prone state in the nation. Over the same time period, the volume of wastewater pumped into the Arbuckle formation via wastewater disposal wells increased 81%, a fact that plays a leading role in the scientific community's hypothesis that wastewater disposal wells induce seismic activity.
By Mark Christian | March 21, 2018
SEOUL, March 21 -- SK Innovation Company announced its intention to buy a 100 percent stake in Longfellow Nemaha, a U.S. gas exploration firm with acreage in Oklahoma. The transaction will be made by through SK's North American subsidiary, SK E&P America, Inc.
SK announced plans for a $4 billion dollar investment in U.S. shale during an economic mission to Wahington D.C. last year, and the Longfellow deal is their first acquisition in that growth initiative.
SK E&P America said Tuesday that it has entered into a definitive agreement to "acquire all of the outstanding membership interests of Longfellow Nemaha" in a transaction set to close in the second quarter of 2018.
Oklahoman | by Adam Wilmoth | 09/26/2017
Oklahoma City-based Chaparral Energy Inc. and Houston's Bayou City Energy have agreed to a $100 million joint venture for 30 wells in Oklahoma's STACK play, the companies said Monday.
The deal includes 17 wells in Canadian County and 13 in Garfield County, with the ability to expand the partnership to include additional wells in the future. The companies already have begun drilling their first joint-venture well.
Natural Gas Intelligence | by Carolyn Davis | March 21, 2018
Mach Resources LLC, formed last year by Oklahoma City energy guru Tom L. Ward, (photo) is partnering with Houston-based Bayou City Energy Management LLC as an equity partner to get more skin in the game for oil and natural gas development in the Midcontinent.
The partnership, BCE-Mach LLC, initially would work Oklahoma and Kansas acreage, while looking for “acquisition opportunities” with strong cash flow generation and drilling inventories. No financial details were provided.
REUTERS | March 26, 2018 | Reporting by John Benny in Bengaluru; Editing by Gary McWilliams and Phil Berlowitz
A little-known oil play in Oklahoma is attracting more drilling and investment as rising output from newer wells is enticing companies to boost production beyond the giant Permian basin in Texas.
CAMARILLO, Calif. -- BNK Petroleum Inc. has announced that the Company has finished the fracture stimulation of the Glenn 16-2H well in the Company’s Tishomingo field, in the SCOOP area of Oklahoma.
The Glenn 16-2H well was fracture stimulated with 10.7 million pounds of proppant and had 33 stages successfully stimulated. Flowback is expected later this week, after the plugs have been drilled out and the completion string is run. Production rates will be announced once stabilized rates have been obtained.
Joel Parshall, JPT Features Editor | 18 March 2018
Producers in the recently opened Merge play of Oklahoma’s Anadarko Basin are sitting atop a resource that rivals some of the world’s major gas fields and largest new discoveries, Geology CEO Greg Augsburger of Citizen Energy told the SPE Gulf Coast Section Business Development Group recently.
Merge lies between the prolific STACK (Sooner Trend, Anadarko, and Canadian and Kingfisher [counties]) and SCOOP (South Central Oklahoma Oil Province) plays, effectively tying them together. Privately funded Citizen Energy, formed in 2012, drilled the Merge discovery well in September 2015 and 18 delineation wells before significant competitor interest emerged.
Oklahoman Published: February 3, 2018 12:00 AM CDT
Oklahoma crude oil prices as of 5 p.m. Friday:
By Jessica Summers January 31, 2018, 11:12 AM CST
by Adam Wilmoth Published: January 25, 2018 10:20 AM CDT in the Oklahoman
Some Oklahoma City employees will lose their jobs and others will be transferred to Claremore or other offices as the new Baker Hughes, a GE company, consolidates its workforce, the company said Thursday.
The company did not say how many jobs will be affected by the closing of a production facility at its south Oklahoma City artificial lift systems operation.
By Jamison Cocklin, January 24, 2018 - Natural Gas Intelligence
Three days after an explosion ripped through a Patterson-UTI Energy Inc. drilling rig in Oklahoma killing five men, an investigation is underway to determine what caused the blast.
Emergency management officials were preparing on Tuesday to hand the investigation to the Occupational Safety and Health Administration. The Oklahoma Corporation Commission and other federal and state agencies are expected to assist.
In our inherently dangerous business, rig accidents are what we fear the most. They usually end really bad. And it happened again today, January 23, 2018, 5 workers lost their lives - 3 of them were Oklahoman's. Our prayers go out to the families - there are no other words that matter.
- Chris Well Consulting
POSTED 12:16 AM, JANUARY 23, 2018, BY BILL MISTON, UPDATED AT 12:19AM, JANUARY 23, 2018
QUINTON, Okla. - State and county emergency management officials said a natural gas well fire in eastern Oklahoma was out and secure after an explosion injured one and left five workers unaccounted for Monday.
The explosion happened at a well site four miles southwest of Quinton, in Pittsburg County, shortly before 9:00 a.m. Authorities say there were 22 workers on the well site, which was being drilled by Houston-based Patterson-UTI Energy.