By Tyler Losier, Energy Reporter, Oil & Gas 360 Chansoo Joung joins Tulsa, Oklahoma Company Magellan Midstream Partners, L.P. announced this morning that it has elected Chansoo Joung as an independent board member, effectively immediately. Previously, Joung worked in the energy sector of the finance industry as a partner and senior advisor for Warburg Pincus LLC from 2005 to
Efficiencies Paving the Way in the Midcontinent Advancements in Unit Corporation’s (ticker: UNT) drilling program is leading to increased production volumes and reduced expenditures, the company said in a press release on October 6, 2015. Production guidance for 2015 was revised upward to a range of 6% to 8%, exceeding its previous range of 2% to 4%. Based off of
“We bought one shale and got another one for free.” Continental Resources (ticker: CLR), the nation’s eighth-largest E&P based on market capitalization, held its 2014 Analyst Day today in Oklahoma City, its first since 2012. The Springer Shale is Unveiled At the Analyst Day, Will Parker, Senior Exploration Geologist, said CLR published a list of six stealth plays in 2012.
Torchlight Energy (ticker: TRCH) is an oil and gas exploration production company with the bulk of its properties in the Mid-Continent. It holds a minority interest in a large percentage of its wells and strategically farms out its operations to third parties, where TRCH then monitors operations and associated costs. In an operations update call on July 16, 2014, Will
Torchlight Energy Resources (ticker: TRCH) is a high growth oil and gas exploration and production company with a primary focus on acquisition and development of domestic oil fields. The company’s strategy has been to farm-out operations to third parties and then monitor both the operations and its associated costs. The majority of its properties are in the Mid-Continent. The company
SandRidge Energy (ticker: SD) is the largest independent operator in the Mississippian Lime formation and plans on drilling 460 wells in the Mid-Continent in 2014. The company divested approximately 11.3 MMBOE (33% of production) of assets in 2013 to centralize its focus on the play which consists of shallow wells and generally inconsistent geology. In a conference call with investors
Torchlight Energy Resources (ticker: TRCH) is a high growth oil and gas exploration and production (E&P) company with a primary focus on acquisition and development of domestic oil fields. Since going public in 2010, Torchlight has established itself in four separate regions across the mid-continent, focusing on liquids production from proven areas. Rather than explore, the company uses its geologic
Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. The Company is headquartered in Fort Worth, Texas. Range Resources announced
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