Velocity Central, CVR Enter LOI For Scoop, Stack Pipeline
Oil will be gathered and transported from points in Grady, Stephens, Garvin, McClain, Canadian, Kingfisher and Blaine counties, Okla. A pipeline extension will be placed in the Stack play.
Jones Energy Updates Operations, Reduces Capex
The company expects the reduction in activity to allow it to be cash flow neutral in the second half of 2015.
Penn Virginia Hires Eagle Ford Transaction Adviser Amid Faltering Production
Penn Virginia, facing tightening liquidity and a shrinking borrowing base, may sell assets or equity in an unfavorable market in order to maintain production.
FourPoint’s Latest Anadarko Deal Far From Last, CEO Says
George Solich said FourPoint aims to be the largest producer in the Anadarko Basin. Meanwhile, the company continues to scour the Permian for an entry point.
Sabine Oil & Gas Files For Bankruptcy Protection
With more than $2 billion of debt, the news comes less than a week after the Houston-based company amended a forbearance agreement that gave it more flexibility during debt-related discussions with creditors.
Corlena Puts Granite Wash Properties On The Market
Corlena Oil Co. II LLC is selling 100% operated properties in the Granite Wash Play in the Texas Panhandle.
The properties are located in Roberts County and consist of 540 gross/net acres, all HBP. E-Spectrum Advisors LLC has been retained to handle the sale.
The package includes eight producing wells, two of which are horizontal. Net proved reserves are 1,884 million barrels of oil equivalent with a PV-10 value of $23.3 million.
Japan's Itochu Returns Stake To Samson Resources
Itochu Corp. sold back its 25% stake in Samson Resources Corp. to the company for $1 based on company operations and oil prices, Bloomberg said.
Closing Keynote: Demand Growth That's Under Way For US Natural Gas (2015)
Greg Haas, director, integrated oil and gas research, Stratas Advisors.
Midstream Spotlight: The Build-out Of The Scoop (2015)
Rick Wilkerson, president and CEO, Velocity Midstream Partners LLC.
Spotlight: Private-Equity-Backed Midcontinent Exploitation (2015)
Jim Bass, president and CEO, Sheridan Production Co. LLC.