Saturday, January 4, 2025

Midstates Petroleum: 30% oil, 24% NGLs from Miss Lime, Anadarko

Headquartered in Tulsa, Oklahoma, Midstates Petroleum (ticker: MPO) focuses its operations on oil and liquids-rich plays in the Mississippian Lime in Oklahoma, and the Anadarko basin in Oklahoma and Texas. The company’s Mississippian Lime assets total approximately 98,000 net acres, containing approximately 1,500 potential drilling locations. The Mississippian Lime is a carbonate play located primarily in Northern Oklahoma and Southern

SandRidge Energy Prepares to Drill 460 Horizontal Wells in Mid-Continent for 2014 Operations; Details from 7th Annual Analyst Day

SandRidge Energy (ticker: SD) is an oil and natural gas company headquartered in Oklahoma City, Oklahoma, with its principal focus on exploration and production in the Mid-Continent, Permian Basin, Gulf of Mexico, West Texas Overthrust and Gulf Coast. SandRidge reported net income of $14.9 million in Q4’13, according to its quarterly earnings release on February 28, 2014. Operating cash flow

Chesapeake Energy JVs Miss Lime with Sinopec

In a short but telling news release, Chesapeake Energy (ticker: CHK) announced Sinopec will purchase a 50% undivided interest in CHK’s 850,000 net acres of the Mississippi Lime play in northern Oklahoma. The price tag: $1.02 billion in cash, or approximately $2,400 an acre to the 8/8ths. CHK will remain operator and JV costs will be shared proportionally going forward.