Post Tagged with: "Oklahoma"

U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets

U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets

From Reuters

Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Oklahoma, draining supply there and adding to a …

April 12, 2019 - 5:51 pm Closing Bell Story‎, Crude Oil News, Energy News
Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners, LP (stock ticker: MCEP, $MCEP) has entered into definitive agreements to sell substantially all of its Texas properties for $60.0 million and to acquire producing properties in Caddo, Grady and Osage Counties, Oklahoma for $27.5 million.

The

Midstates Petroleum Announces Commencement of Tender Offer to Purchase up to 5,000,000 Shares of Its Common Stock at a Purchase Price of $10.00 Per Share

Midstates Petroleum Announces Commencement of Tender Offer to Purchase up to 5,000,000 Shares of Its Common Stock at a Purchase Price of $10.00 Per Share

Midstates Petroleum Announces Commencement of Tender Offer to Purchase up to 5,000,000 Shares of Its Common Stock at a Purchase Price of $10.00 Per Share

January 14, 2019 - 6:00 am Closing Bell Story‎, Press Releases
Source: The Oklahoman

Oklahoma tax revenues hit 12-month high

From The Oklahoman

Bolstered by an improving economy and increased oilfield activity, the Oklahoma state treasury has taken in a record $12.8 billion in gross tax receipts over the last 12 months, State Treasurer Ken Miller announced Wednesday.

Those collections …

December 7, 2018 - 10:35 am Closing Bell Story‎, Energy News
Oklahoma Supreme Court Sides with Oil and Gas Industry Over Who Has Regulatory Oversight

Oklahoma Supreme Court Sides with Oil and Gas Industry Over Who Has Regulatory Oversight

Kingfisher Country tried to ban produced water pipelines in county road easement; state high court ruled that state agency OCC has exclusive jurisdiction to regulate oil and gas operations in Oklahoma

From The Journal Record

OKLAHOMA CITY – A legal …

November 16, 2018 - 6:53 am Closing Bell Story‎, Law, Regulatory
Devon Energy: Q3 was an ‘Inflection Point’ in the STACK

Devon Energy: Q3 was an ‘Inflection Point’ in the STACK

Devon sees STACK as its second-highest funded asset in 2019
PRB is the "best emerging growth opportunity in North America"
Oklahoma-based Devon Energy Corporation (ticker: DVN) reported its Q3 2018 results Tuesday. On the call, Devon President and CEO Dave

U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

The rapid growth of oil production from shale combined with returning GOM production have succeeded in making the United States the leading crude oil producer in the world.

The U.S. set a new record for daily oil production at 11.3

November 1, 2018 - 2:05 pm Closing Bell Story‎, Industry Insights, International
Oklahoma’s Production Tax Increase and the Biggest Problem Facing STACK/SCOOP Producers

Oklahoma’s Production Tax Increase and the Biggest Problem Facing STACK/SCOOP Producers

From The Oklahoman

Readers asked the Oklahoman about the potential that gross production taxes might be increased if Drew Edmondson is elected governor. The Oklahoman’s energy reporters, Adam Wilmoth and Jack Money, fielded questions during their monthly online energy chat …

Going Gangbusters in the STACK: Alta Mesa Resources Running 8 Rigs, Expects 170+ Wells in 2018

Going Gangbusters in the STACK: Alta Mesa Resources Running 8 Rigs, Expects 170+ Wells in 2018

Alta Mesa Resources, Inc. (ticker: AMR) produced 24,000 BOEPD in Q1 2018 and exited the quarter with average net production of 25,800 BOEPD in March. Overall, total production for the first quarter of 2018 was 2,162 MBOE. According to Alta …

Courtesy of PetroShale

Alta Mesa Resources Expects $725-$800 Million 2018 CapEx

Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates.

2018 CapEx

Alta Mesa’s total capital expenditures for 2018 are expected …

Vertical Well Completions Continue in Oklahoma

Vertical Well Completions Continue in Oklahoma

From The Oklahoman

Oklahoma’s oil and gas operators haven’t completely abandoned drilling vertical, or “straight hole” wells, Corporation Commission records show.

It reported that 197 wells of the 1,003 completed in 2016 were straight hole wells.

Granted, that’s down from …

March 23, 2018 - 12:42 pm Closing Bell Story‎, Energy News
Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

ARM Energy Holdings LLC said that the company and its partners have sold Kingfisher Midstream, LLC to Silver Run Acquisition Corporation II, in exchange for an aggregate consideration of up to $1.55 billion.

The transaction consideration is comprised of $800 …

Panhandle Oil and Gas Nets $13.7~ Million for FY2018 Q1

Panhandle Oil and Gas Nets $13.7~ Million for FY2018 Q1

Panhandle Oil and Gas Inc. (ticker: PHX) reported financial and operating results for the company’s fiscal first quarter ended December 31, 2017. For the 2018 first quarter, the company recorded net income of $13,784,939, or $0.81 per diluted share. This …

Gastar Exploration Gets $107 Million for Hunton, Proceeds will Go to STACK Development

Gastar Exploration Gets $107 Million for Hunton, Proceeds will Go to STACK Development

Gastar Exploration Inc. (ticker: GST) will divest its interest in the West Edmund Hunton Lime Unit (WEHLU) for $107.5 million.  The transaction is expected to close on or before February 28, 2018, with a property sale effective date of October …

Panhandle Oil and Gas Inc. to Present at EnerCom Dallas 2018

Panhandle Oil and Gas Inc. to Present at EnerCom Dallas 2018

Panhandle Oil and Gas Inc. (ticker: PHX) is headquartered in Oklahoma City, Oklahoma. Panhandle has approximately 255,000 net acres of perpetually owned mineral rights spread across Arkansas, Oklahoma and Texas.

Panhandle leases its properties to oil and gas operators and …

January 25, 2018 - 5:36 pm Closing Bell Story‎, EnerCom Dallas 2018, Finance
Samson Resources Plans $105 Million 2018 Capital Program

Samson Resources Plans $105 Million 2018 Capital Program

Samson Resources II, LLC has released its 2018 total capital budget with a range of $105 to $115 million. The capital program aims to increase production volumes by about 20%, compared to 2017 exit production rates. The company will spend …

Chaparral Energy’s $60 Million Bolt-on STACK Acquisition

Chaparral Energy’s $60 Million Bolt-on STACK Acquisition

Chaparral Energy, Inc. (ticker: CHPE) announced today that it has entered into a definitive purchase agreement to acquire acreage in Kingfisher County, Oklahoma, from a private seller for $60 million in cash, subject to customary post-closing adjustments.

Highlights

  • Acquiring 7,000
LINN Energy Sells Oklahoma Waterflood and Texas Panhandle Properties for $122 Million

LINN Energy Sells Oklahoma Waterflood and Texas Panhandle Properties for $122 Million

LINN Energy, Inc. (ticker: LNGG) announced that it has signed a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer for a contract price of $122 million, subject to closing adjustments.

The combined properties …

Exclusive Video Interview with EcoStim Energy Solutions President & CEO Chris Boswell

Exclusive Video Interview with EcoStim Energy Solutions President & CEO Chris Boswell

EcoStim Energy Solutions: ~80% of revenue will be in the U.S. going forward; 2-year contract with YPF provides foundation for growth in Argentina  

At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive …

Eco-Stim: A Cleaner Approach to Oilfield Service

Eco-Stim: A Cleaner Approach to Oilfield Service

Eco-Stim Energy Solutions Inc. (ticker: ESES), an oilfield service company focused on providing support to oil and gas operators while simultaneously reducing its environmental impact, has had a growth spurt in the past few months.

A variety of services

Eco-Stim …

Devon Energy Drills Record-Breaking STACK Well

Devon Energy Drills Record-Breaking STACK Well

Devon Energy (ticker: DVN) announced July 11th that it had brought a record setting well to production. The well reached a 24-hour peak production rate of 6,000 BOEPD, 50% of which was oil. The record-setting well, called the Privott …

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Founded in Oklahoma City in 1926, Panhandle Oil and Gas (ticker: PHX) boasts a foundation of 255,000 net acres of perpetually owned mineral rights spread primarily over Arkansas, Oklahoma, and Texas.

Panhandle is in the position of holding large tracts …

Gastar Exploration, Development in the STACK

Gastar Exploration, Development in the STACK

Oklahoma-centered Gastar Exploration Inc. (ticker: GST) has built its production portfolio primarily in the STACK play, where it holds 62,600 of its 89,600 net acres, spread across 5 core-zones. The company averaged approximately 5,700 BOEPD during Q1, 2017.

Gastar’s STACK

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere’s Midship open season ends March 30

Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open …

Exclusive Interview with Stephen Brunner, President, Petro River Oil

Exclusive Interview with Stephen Brunner, President, Petro River Oil

Conventional wells, prolific areas, and low cost structure are the staples of Petro River: Brunner

Petro River Oil’s President Stephen Brunner spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Brunner talked about …

Exclusive Interview with Hal Chappelle, President and CEO of Alta Mesa Holdings

Exclusive Interview with Hal Chappelle, President and CEO of Alta Mesa Holdings

Alta Mesa: I look at this as a very early stage of development in the STACK

Alta Mesa’s President and CEO Hal Chappelle spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Chappelle …

Alta Mesa Holdings, L.P – Day Two Breakout Notes

Alta Mesa Holdings, L.P – Day Two Breakout Notes

Alta Mesa Holdings presents at EnerCom’s The Oil & Gas Conference®

During Alta Mesa Holdings’ breakout session, management was asked the following questions:

  • What is your overall thought of the acreage acquired?
  • Can you quantify the thickness of the Lincoln
Cimarex Energy – Day Two Breakout Notes

Cimarex Energy – Day Two Breakout Notes

Cimarex presents at EnerCom’s The Oil & Gas Conference®

 During Cimarex’s breakout session, management was asked the following questions:

  • In Culberson county, what is the average mix in the upper and lower Wolfcamp? And is there potential for multiple stacked
Petro River Oil Corporation – Day One Breakout Notes

Petro River Oil Corporation – Day One Breakout Notes

Petro River Oil presents at EnerCom’s The Oil & Gas Conference®

 During Petro River Oil’s breakout session, management was asked the following questions:

  • Do you envision being a company giving a steady dividend?
  • I think you have an $18 million
Mid-Con Energy Partners – Day One Breakout Notes

Mid-Con Energy Partners – Day One Breakout Notes

Mid-Con Energy Partners presents at EnerCom’s The Oil & Gas Conference®

 During Mid-Con Energy Partners’ breakout session, management was asked the following questions:

  •  How do you balance debt reduction with your distribution on common units?
  •  Is there some sort of
August 15, 2016 - 11:17 am Closing Bell Story‎, MLPs, Oil and Gas 360 Articles, TOGC21