Oklahoma – Page 4 – Oil & Gas 360

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers -Oil & Gas 360 -gastar oklahoma double pump

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

November 16, 2018

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 battle between the state’s oil and natural gas industry and local regulators came to a close Tuesday, when the Oklahoma Supreme Court decided

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

November 8, 2018

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 Hager gave good insight into the company’s STACK developments in Oklahoma. “Beyond the Delaware, the STACK and Rockies will also

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

November 1, 2018

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 MMBOPD in August 2018, according to new data from the EIA. Thanks largely to U.S. shale, the fast-growing production from

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

September 19, 2018

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 on Tuesday. This is an edited transcript of that conversation. To see the full transcript, go to NewsOK.com. Q: I’ve heard that

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

May 14, 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 Mesa, production for 2018 is expected to average between 33 MBOEPD and 38 MBOEPD. The company added rig number eight

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

March 29, 2018

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 to range from $725 million to $800 million. Capital will be allocated primarily to Alta Mesa’s upstream STACK area, $550 million

Vertical Well Completions Continue in Oklahoma

March 23, 2018

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 a recent high of 858 vertical wells permitted in 2011 and completed by June the following year, when that represented

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

February 12, 2018

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 million in cash, ~$550 million in Silver Run II stock and up to ~$200 million in additional Silver Run II

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

February 9, 2018

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 compared to a net loss of $2,238,392, or ($0.13) per diluted share, for the 2017 first quarter. The 2018 first

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

January 26, 2018

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 1, 2017. Gastar received a deposit of 10% of the purchase price on January 25, 2018. WEHLU is primarily located

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

January 25, 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 does not have the burden of paying to operate productive leases, but instead acts as a royalty interest holder. As

Samson Resources Plans $105 Million 2018 Capital Program

January 4, 2018

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 $85 to $95 million toward its drilling and completion program and $20 million toward its leasing, seismic, recompletion and workover

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