Chesapeake Sued For Allegedly Rigging Anadarko Basin Leases
Chisholm Partners, an investment firm that owned leases in Kansas, and other leaseholders said the alleged conspiracy started around December 2007 and continued until at least March 2012, according to the filed complaint.
Completion Trends: Oklahoma's Kingfisher County Leads The Stack Play
Even though well completions in the Anadarko Basin fell during the first half of the year, Midcon operators have still remained active in the Stack, Scoop and Cleveland Sand plays.
Newcomer Sabinal Energy Lands $300 Million Commitment From Kayne
Founded in 2016, Sabinal is a private E&P led by Bret Jameson, formerly with Lewis Energy and Devon. The company's focus is in the Rockies, Midcontinent and Texas.
Hint Of Demand For Midcontinent Workover Rigs
Pricing remains steady and bid inquiries are up for Midcon workover services. Demand was actually on the cusp of increasing in the second quarter until weather interrupted field work.
Midcon Drilling Efforts Shift To Meramec Shale, Stack Play
Oklahoma’s Kingfisher and surrounding counties saw drilling activity rise in the first half of 2016, with Newfield, Continental and Le Norman Operating leading the pack.
LongPoint Minerals Closes $525 Million Capital Raise
Over the past year, LongPoint has acquired assets in the Midcontinent’s core areas, including the Scoop/Stack, Cana and Western Anadarko areas, and the Midland and Delaware basins.
Shale Bail: Despite Value, Not Everyone Wants Stack Acreage
Seller Atalaya Resources accepted a deal for Stack acreage in Blaine and Canadian counties, Okla., as the company focuses on western Oklahoma.
Mid-Con Exits Hugoton To Pay Debt As Borrowing Base Shrinks
Upstream MLPs such as Mid-Con have been among hardest hit in the downturn. In May, Linn Energy LLC and Breitburn Operating LP filed for Chapter 11 bankruptcy protection.
FourPoint Wraps Up $385 Million Deal For Chesapeake's Anadarko Basin Assets
The acquisition makes Denver-based FourPoint one of the largest E&P's in the Midcontinent with nearly 900,000 net acres and net production of 435 MMcfe/d.
SandRidge, Breitburn File For Bankruptcy Protection
A plunge in global crude prices has now pushed at least 28 publicly traded North American oil and gas producers to seek bankruptcy protection since early 2015, according to a Reuters review of regulatory filings.