INEOS Shale, a unit of UK’s petrochemical giant INEOS, announced on Monday it has appointed Ron Coyle as its new chief executive to lead the company into operational phase, Kallanish Energy learns.
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.
EPA Administrator Scott Pruitt moved Monday to end a controversial practice known as “sue and settle,” which critics say was used during the Obama administration to cut deals with environmental groups, leading to new regulations.
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