Tagged Oklahoma

PAA, Phillips 66 partner to expand STACK crude pipeline

Rate this article Plains All American Pipeline LP (PAA) and Phillips 66 Partners LP have formed the STACK Pipeline LLC joint venture to transport crude oil from the Sooner Trend, Anadarko basin, Canadian and Kingfisher counties (STACK) play in northwestern Oklahoma to Cushing. Read Full Article Here For more great articles: Oil & Gas Journal…

Newfield further shifts focus to Oklahoma STACK play

Rate this article Newfield Exploration Co., Houston, has agreed to divest all of its assets in Texas in separate deals with Protege LLC, Tulsa, and an undisclosed buyer for combined net aftertax proceeds of $390 million. The two deals are expected to close in the third quarter. Read Full Article Here For more great articles:…

Devon to boost rig count in Delaware basin, STACK play

Rate this article Devon Energy Corp., Oklahoma City, now says it plans to add as many as 7 operated rigs to its acreage in the STACK play of Oklahoma and Delaware basin of Texas during the second half, with resulting incremental production seen in early 2017. Read Full Article Here For more great articles: Oil…

Rimrock expands holdings in SCOOP play

Rate this article Rimrock Resources Partners LLC, Tulsa, has acquired about 24,500 net leasehold acres held by production and 3,100 net mineral acres in the Golden Trend part of the SCOOP play of Oklahoma for $150 million. It didn’t identify the seller. Read Full Article Here For more great articles: Oil & Gas Journal –…

IOG hikes Texas, Oklahoma play funding

Rate this article IOG Capital LP said that since May 1 it has committed to fund more than $260 million in the acquisition and development of oil and gas properties in partnership with operators in the Permian basin, STACK, Austin Chalk, and Eagle Ford plays of Texas and Oklahoma. Read Full Article Here For more…

Trillium and PennDOT Ready to Build 29 CNG Stations

Rate this article By NGV Global Oklahoma-based Trillium CNG has finalized an agreement with Pennsylvania Department of Transportation (PennDOT) to design, build and maintain 29 new compressed natural gas (CNG) fuel stations, following the signing of a contract in April. “This is an unprecedented project that will supply CNG to more than 1,600 buses at…

Marathon Oil to buy STACK-focused firm for $888 million

Rate this article Marathon Oil Corp., Houston, has agreed to acquire PayRock Energy Holdings LLC, an Oklahoma City-based portfolio company of EnCap Investments LP, for $888 million. The deal, to be funded with cash-on-hand, is expected to close in the third quarter. Read Full Article Here For more great articles: Oil & Gas Journal –…

Devon to divest upstream assets for $1 billion

Rate this article Devon Energy Corp., Oklahoma City, said it is selling about $1 billion in upstream assets to undisclosed buyers. The sales are expected to be completed in this year’s third quarter. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

SandRidge files petitions under Chapter 11

Rate this article SandRidge Energy Inc., Oklahoma City, has filed petitions under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Chaparral Energy files For Chapter 11 protection

Rate this article Midcontinent independent Chaparral Energy LLC, Oklahoma City, reported it has voluntarily filed petitions for relief under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court of Delaware. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest