Mid-Con Energy Partners presents at EnerCom’s The Oil & Gas Conference® During Mid-Con Energy Partners’ breakout session, management was asked the following questions: How do you balance debt reduction with your distribution on common units? Is there some sort of formula to structure wells based on LOE? What is your overall company decline rate? What are you seeing with regard
Private Equity Cashing In: EnCap Company PayRock Energy Built the STACK Position Marathon Oil has reached an agreement to purchase privately held PayRock Energy Holdings for $888 million in a cash transaction. PayRock holds approximately 61,000 care acres in the Anadarko Basin STACK play in Oklahoma. “Acquiring PayRock’s STACK position will meaningfully expand the quality and scale of Marathon Oil’s
Petro River Oil is Participating in a Portfolio of Conventional Assets in Oklahoma and California in 2016, with a Northern Ireland Exploration Test on Tap for Q2 When Scot Cohen founded Iroquois Capital Opportunity Fund, the seasoned portfolio manager kept an eye open for contrarian opportunities. These days Cohen is focused on Petro River Oil Corp. (ticker: PTRC; Petro Riveroil.com), a junior oil and gas
Lower severance taxes are severely squeezing budgets in oil producing states, some to “revenue failure” Severance taxes on oil and gas extraction make up a significant portion of the budgets of a number of states in the U.S., but the rapid decline of prices since November of 2014, has put several of those states in a bind as they prepare
The United States technological revolution has made rock stars out of flashy, emerging new plays like the Bakken, Niobrara and Utica. And everybody wants to get in on the next hot area. Oklahoma, on the other hand, is old school. It’s a model of consistency when it comes to United States energy development. The Sooner State has always been among
A bill that would prohibit local frac bans is expected to reach the Governor The Oklahoma House approved a bill 64-32 that would prevent local governments from enacting bans on hydraulic fracturing. Senate Bill 809 would leave local governments with the power to enact “reasonable ordinances” in regards to oil and gas activities, but would prohibit any outright bans. After passing the
“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.
Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal. When completed and operating, the proposed Grand Mesa Pipeline, a joint venture project proposed by NGL Energy Partners LP and Rimrock
Unit Corp. (ticker: UNT) announced signing a Purchase and Sale Agreement to purchase 84,000 net acres and production located in the Anadarko Basin from Noble Energy, Inc. (ticker: NBL) for $617.1 million. Unit will use availability under its existing credit facilities and a new $400MM senior subordinated debt offering to complete this all-cash transaction. The western Oklahoma and Texas Panhandle
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