While the play’s potential is undetermined, evidence indicates Oklahoma’s STACK play is delivering impressive results, with operators committing more than $2.5 billion in 2017 capital to its development, according to new analysis from IHS Markit.
A federal jury in Oklahoma last week awarded $220,000 in damages to two oil companies after a horizontal; well damaged production in a vertical well, in what observers say is one of the first lawsuits of its kind, Kallanish Energy reports
Asset manager 4 AM Midstream said Tuesday it’s acquired midstream oil and gas gathering assets from independent oil and gas producer White Star Petroleum for an undisclosed price, Kallanish Energy finds.
Tulsa, Okla-based energy investment firm Exponent Energy has purchased the Oklahoma production assets of Houston-based Sanchez Midstream Partners for an undisclosed price, Kallanish Energy reports.
The probability of a 5.0 or greater earthquake in Oklahoma in 2017 is as high as 80%, according to a recently published research paper. That paper also noted that there is no evidence that Oklahoma’s seismicity levels will drop to normal pre-2009 levels by 2025, Kallanish Energy reports.
Underground Oklahoma is getting a new look from the air. Scientists with the U.S. Geological Survey and the Oklahoma Geological Survey are teaming up to better understand the location of deep faults and subsurface geology that trigger earthquakes via airborne technology, Kallanish Energy reports.
Privately-held midstreamer Kingfisher Midstream this week entered into a $200 million senior secured revolving credit facility with ABN AMRO Capital USA as administrative agent, book runner and lead arranger.