Tulsa’s Laredo Petroleum, Inc. has expanded its holdings in the Permian Basin, announcing the closing on acquisition of 4,475 contiguous acres in West Texas. The $65 million deal involves land near Garden City, Texas as company leaders say will “improve the company’s capital efficiency and enhance free cash flow generation.” The acquisition was funded with …
Oklahoma Gov. Kevin Stitt’s latest appointment to the University of Oklahoma Board of Regents is Michael A. Cawley, a director of Houston-based Noble Energy Inc. Cawley, 72 was President and CEO of the Samuel Roberts Noble Foundation in Ardmore from 1992 until his retirement in 2012. He is one of 9 directors now on the …
Louisiana-based Mack Energy Company has received permits to drill six wells on a single pad in southern Oklahoma’s Carter County. Now headquartered in Lafayette, Louisiana with the original home office in Duncan, Oklahoma, the privately-owned oil and gas company plans to drill at a site about four miles southeast of Ratliff City. The permit was …
Oklahoma City’s Gulfport Energy, the company that recently cut its workforce by 13 percent and suspended a share buyback program reported recent success in the SCOOP play, hitting three major gas wells near the town of Alex. Completion reports filed this week by Gulfport MidCon LLC showed three Jeannie wells were drilled on a single …
Oklahoma City’s Chesapeake Energy announced Tuesday it will increase its offer to buy Senior Notes and at the same time said it finalized pricing of a $1.5 billion bank loan. The cash tender offer is for 6.875% Senior Notes due 2025 for Chesapeake subsidiaries Brazos Valley Longhorn, LLC and Brazos Valley Longhorn Finance Corp. The …
Gasoline prices have not only fallen slightly in the past week for Oklahoma drivers but also for those across the rest of the U.S. Oklahoma’s average gasoline price, according to AAA Oklahoma is $2.24 a gallon, down 3 cents from a week ago but still higher than the $2.07 drivers paid a year ago. Nationally, …
The oil and gas slowdown might have hit Oklahoma but Kingfisher County in the STACK play continues being a source for big producers for Houston’s Newfield Exploration Mid-Con Inc. Newfield completed several wells within a few miles of each other with combined production of nearly 5,500 barrels of oil a day. The company recently filed …
The second annual Upstream and Midstream Water Management Congress of 2019 begins Wednesday in Oklahoma City. The American Business Conferences’ SCOOP and STACK Water Management Congress will be held at the Renaissance Oklahoma City Convention Center . This year’s focus is on assessing effective full life cycle water management methods to drive down operational expenditure on …
Think environmentalists are above board in fighting for a cleaner environment? Not in Colorado where Colorado Public Radio discovered how one youth group published a fake letter at the start of a gathering called the Sustainable Denver Summit. The group went so far as to declare a fake climate emergency. Click here to read Colorado …
** Schlumberger Limited will hold a conference call on January 17, 2020 to discuss the results for the fourth quarter and full year ending December 31, 2019. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. ** National …