Unit Corp. Selling Midstream Stake To Boost Drilling Program
Proceeds from the sale of a 50% stake in Unit’s midstream affiliate will be used to accelerate the drilling program of its E&P in the Midcontinent and Texas Gulf Coast regions.
Devon Eyes More Asset Sales To Simplify Portfolio, CEO Says
Devon is now eyeing asset sales of up to $5 billion as it streamlines operations to the Scoop/Stack, Permian and Rocky Mountain areas, Dave Hager, Devon's CEO, said at the Scotia Howard Weil energy conference in New Orleans.
Latest Stack Deal Hints At Greater Asian Interest In US Shale
A South Korean business recently agreed to purchase Oklahoma Stack assets, which follows similar investments made in U.S. shale by Thailand and Chinese firms.
Engineered Proppant To Challenge Status Quo
A new suite of proprietary engineered proppant is headed to commercialization in 2018. Will it be enough to capture new share versus sand?
South Korea's SK Innovation To Buy US Shale Oil Company
SK Innovation signed a deal to buy U.S. shale oil and gas company Longfellow Nemaha, which has oil assets in Oklahoma's Stack play.
Tom Ward Returns To Midcontinent Spotlight With Private-Equity Backing
The founder and former top executive of several E&Ps including Chesapeake, SandRidge and Tapstone will partner with Bayou City Energy to hunt for acquisitions in Oklahoma and Kansas.
SandRidge Rejects Midstates Offer; To Explore Strategic Options
SandRidge said it had received interest regarding "alternative transactions" from other producers, though did not provide further details.
In The Plans: Oil, Gas Executives Give Insights Into Development Plans
Executives from Sanchez Energy, Alta Mesa and Oasis Petroleum highlighted their development plans in the Eagle Ford, Stack and Bakken at DUG Executive.
Gastar Exploration Closes $107.5 Million Noncore Asset Sale
Gastar Exploration expects the divestiture of the WEHLU unit to provide sufficient liquidity to fund its core Stack acreage development plan through 2018.
Oklahoma Regulator Issues New Rules For Oil Industry To Curb Earthquakes
The new requirements are aimed at completion activities in the Scoop and Stack shale producing areas in Oklahoma, where drilling is picking up as oil prices have climbed above $60 a barrel this year.