Linn Energy Hits Another High Note With West Texas Asset Sale
Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.
Lotus Midstream Secures $400 Million Capital Commitment From EnCap Flatrock
Lotus Midstream is a crude oil logistics provider focused on the organic development of midstream infrastructure and services in the Permian Basin and Midcontinent regions.
Blue Wolf Capital Buys Majority Stake In Production Equipment Provider Petrosmith
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
Triple Team: Silver Run, Alta Mesa, Kingfisher Close $3.8 Billion Stack Merger
The deal includes cash and stock from Silver Run II and funding from private-equity firms that will likely eclipse $1.6 billion.
SandRidge Energy Ousts CEO, CFO After Push From Icahn
SandRidge Energy ousted its CEO and CFO on Feb. 8 and said it would cut spending, a victory for activist investor Carl Icahn who has railed for months against the U.S. shale producer's board and management.
Valiant To Build Gas Gathering System And Processing Plant In Arkoma Stack Play
Corterra Energy and Canyon Creek Energy sign long-term contracts.
NAPE: Chesapeake CEO Lawler Aims For 'All's Well That Ends Well'
CEO Doug Lawler painted Chesapeake in Shakespearean terms as a once-dominant company that, after faltering under debt, is regaining its edge through efficiency and A&D, including a $500 million Midcontinent sale.
Midstates Petroleum Makes Public Pitch To Merge With SandRidge
The proposal calls for Midstates to offer SandRidge investors 60% of the company but manage the combined assets in what Midstates says would be the largest Mississippian Lime E&P.
Chesapeake Energy Cuts 13% Of Workforce
The job cuts affected most functions and were mainly limited to Chesapeake’s headquarters in Oklahoma City, according to an email sent by CEO Doug Lawler to employees.
Targa Expands Centrahoma Gas Processing JV In Arkoma Woodford Basin
The expanded JV will construct a new plant called the Hickory Hills Plant, which will process growing natural gas production from the Arkoma Woodford Basin.