Chaparral selling EOR assets for $170M

October 17, 2017 0

Independent producer Chaparral Energy said Monday it’s selling its North Burbank (northeast Oklahoma) and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash to an undisclosed buyer.

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Frontera to become whole owner of Pacific Midstream

October 17, 2017 0

Canadian-based, Latin American-focused oil and gas company Frontera Energy said on Monday it will acquired the 36.36% outstanding share in Pacific Midstream from the International Finance Corporation and other related funds.

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Crude prices rise on Middle East tensions

October 17, 2017 0

Geopolitics tensions in the Middle East continued to support crude futures, with U.S. oil prices nearly rising to a six-month high on Monday following concerns Iraqi and Kurdish forces could ignite in a civil war.

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Texas drilling permits in September jump 21% from 2016

October 16, 2017 0

The Railroad Commission of Texas issued a total of 903 original drilling permits in September, Kallanish Energy reports. That compares to 746 permits issued in September 2016, said the state agency that oversees oil and natural gas drilling in Texas. That is a 21.0% increase from a year ago

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