Oklahoma’s Stack Play ‘A Victim’ Of Pace, Space And More
Fortunately, “the rock is actually good,” Chaparral Energy CFO Scott Pittman told attendees at the recently held DUG Midcontinent conference in Oklahoma City.
SandRidge CEO Paul McKinney Resigns As Part Of New Initiative
The resignation of Paul McKinney is in connection with SandRidge’s latest initiative designed to maximize free cash flow while also improving shareholder value.
Best Of This Week’s Drilling Activity Highlights (Dec. 13, 2019)
A Haynesville completion by Chesapeake, Marathon Meramec results and an exploration well offshore Guyana top this week’s drilling activity highlights from around the world.
Marketed: Scoop/Stack Operated, Nonop Company
TenOaks Energy Advisors has been retained to assist in the potential sale of an undisclosed company whose primary assets are located in the Scoop and Stack play in Oklahoma.
Continental Resources Names Next CEO As Harold Hamm Steps Into New Role
Effective Jan. 1, Harold Hamm, currently chairman and CEO, will become executive chairman. Meanwhile, William Berry is set to join Continental Resources as CEO.
A&D Transactions From The Week Of Dec. 11, 2019
Here’s a snapshot of energy deals from the past week including a three-way Permian Basin combination that will create a $1.5 billion E&P plus the multimillion-dollar buyout of Jones Energy.
Young E&P Entrepreneurs: Start Them Up
In an unpredictable market, newly minted E&Ps have abandoned the old models of building ready-to-drill assets and instead are forging ahead with new models, operating strategies and leaders.
Devon Energy Secures $100 Million For Stack Drilling JV
The JV partnership is the second Devon Energy has formed with Dow in recent years as E&Ps are increasingly left with fewer capital options.
Gulfport Sees Gains With ‘Aggressive’ Drilling, Completions In Scoop
Increased stage spacing and proppant loading plus use of 100-mesh sand have proven favorable for Gulfport in the Scoop.
Jones Energy Agrees To $201 Million Buyout By Revolution
Jones Energy, which entered bankruptcy with $1 billion in debt in April, agreed to an all-cash deal for its Anadarko Basin assets.