Tulsa-based WPX Energy has expanded its holdings in the Delaware Basin of Texas with the $2.5 billion purchase of Felix Energy. The move will give WPX Energy an estimated 1,500 undeveloped locations to drill in the eastern part of the basin and production is expected to be nearly 60 MBoe/d of which 70% would be …
Tulsa’s Unit Corporation is extending the expiration date of its previously announced note exchange. “We are extending the Expiration Date of the Exchange Offer. The Expiration Date was previously 11:59 p.m., New York City time, on Friday, December 13, 2019 and will now be 11:59 p.m., New York City time, on Friday, January 10, 2020, …
A rare few oil wells in Oklahoma can singly produce more than 4,000 barrels a day. Sister wells yes, as OK Energy Today reported last week in the STACK. But the top-producing oil well in the Permian Basin in Texas has an estimated six-month average production of 4,135 barrels of oil a day. For six …
The slowdown in the oil and gas industry in Oklahoma caught the attention of the Federal Reserve Bank of Oklahoma which stated the downturn appears to be affecting economic growth in the state overall. In the Bank’s latest edition of “Oklahoma Economist“, the Bank indicated that of all Oklahoma’s industries, the “biggest drop in activity …
