Oklahoma Hit By Its Third-Strongest Earthquake Ever
The quake at 11:07 a.m. local time (17:07 GMT) was followed by several aftershocks in the next 90 minutes, including one with a magnitude of 3.9, the USGS said.
Devon Hires Jefferies As Banker In Sale Of Noncore Assets
"We are moving ahead with the divestiture program and have already received numerous indications of interest," Howard Thill, Devon's senior vice president for communications and investor relations told Reuters.
Rockdale Diversifies With Service Company Acquisition
Askarri, based in Houston, has been dormant for the last few years, the release said. However, the company is said to have history with major oil companies, providing services to both onshore and offshore oil and gas producers.
Midcontinent Needs $50 Oil Before Drilling Revives
Rig rates are stable in the Midcontinent, but demand for drilling services remain low. Attitudes are approaching capitulation among service providers who have little expectation that the market will improve anytime soon.
Well Service Activity Moves At Glacial Pace In Midcontinent
Reality of a subpar 2016 kicks in as Midcontinent operators delay activity. When activity does occur, routine maintenance accounts for 88% of job mix, the highest percentage for any domestic market.
Panhandle Plays Gross Acreage Map
View Large MapCompanyNet AcreageChesapeake Energy426,000Jones Energy162,580BP162,500EV Energy Partners162,500All Top Acreage Holders
Midcontinent Operators Turning To Vertical Wells
The cost of drilling and completing horizontal wells has Midcontinent operators reducing horizontal activity. The trend is not huge statistically, but it continues to surface in Hart Energy regional surveys.
Samson Resources Interim CEO Richard Fraley To Resign
Interim CEO and COO Richard Fraley will step down effective Feb. 15, ending a brief tenure that began when he replaced Randy Limbacher who resigned last month, the company said in court papers filed on Jan. 25.
Midcontinent DUC Backlog Continues To Slowly Rise
Demand for Midcontinent well stimulation services declined over the last 90 days, and are expected to decline further in 2016. Regional pressure pumping capacity is also oversupplied and underutilized.
Continental Resources Rig Catches Fire In Oklahoma
There were no injuries as a result of the fire, and the blaze is currently contained, the official said.