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
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 17-H, produced out of the Meramec in the STACK play. The well’s initial production rate is the highest of any 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 assets Gastar’s STACK assets are split between the Meramec, Osage, Oswego, and Hunton Limestone plays. The company estimates that approximately
Devon targets 20 U.S. operated rigs by year-end Devon Energy Corp. (ticker: DVN) reported stronger than expected production results Tuesday as the company’s U.S. resources outperformed its earlier guidance. Oil production averaged 261 MBOPD, up 7% sequentially, 5 MBOPD more than the top end of the company’s guidance. The growth was driven entirely by Devon’s U.S. resource plays where the
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 season for shippers—known as the Midship project. Cheniere said the commitments are from subsidiaries and/or affiliates of Cheniere, Devon Energy Corporation
Continental Resources’ Angus Trust 1-4-33XH produced 4,642 BOE during its 24-hour IP test Oklahoma City-based Continental Resources (ticker: CLR) announced that its recently completed Angus Trust 1-4-33XH has set a company IP record. The well, which was drilled in the over-pressured oil window of the Oklahoma STACK play, produced 4,642 BOE (45% oil) in a 24-hour test, comprised of 2,088
Oklahoma’s STACK and SCOOP plays are dominated by five players – 2nd most active U.S. plays With roughly 31% of active rigs in the U.S. focusing on the Permian, it’s easy to say plays like the Delaware Basin have become the focus of the industry. Despite that, there remains a tremendous potential in the STACK and SCOOP plays, according to
BetaZi Basin Studies offer “one million petroleum engineers forecasting on each and every well” Last week, BetaZi announced that it will be offering studies on individual oil and gas basins in the U.S.. For every well in the covered basins, BetaZi includes the company’s oil and gas production forecasts, associated type curves, pScores, first-pass economics and Tobin well data. BetaZi
Permian, SCOOP/STACK in favor Baird’s energy research team presented the results of the firm’s 3Q16 Energy Strategy Survey in a conference call today that was hosted by Denver-based senior analyst Ethan Bellamy and New York-based senior analyst Dan Katzenberg. This was the firm’s 14th energy survey since June of 2013. The Q3 survey set a participation record with 182 respondents, including
We are going to react to whatever is the best long term move for our shareholders: Porter Gastar Exploration’s President and CEO Russ Porter spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Porter talked about enhancing company liquidity, the move to a pure play producer, and STACK economics. Gastar Exploration Inc. (ticker:
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 talked about his company, what their development plans look like, and the efficiencies being generated from cost cutting to optimize
Pioneer Energy Services presents at EnerCom’s The Oil & Gas Conference® During Pioneer Energy Services’ breakout session, management was asked the following questions: What do you think the state of the industry really is? What type of rigs will get the best utilization going forward? Do you see competition from walking converted SCR rigs? How are you doing on crews?
