January 2020 archive

WPX Energy seeks $900 million cash to wrap up Felix Energy acquisition

  Tulsa-based WPX Energy launched a $900 million public offering of senior unsecured notes this week in an effort to fulfill its obligation to pay off the cash end of the $2.5 billion purchase of a Permian Basin operator. WPX stated in the announcement that it will deposit proceeds into an escrow account upon the …

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Chesapeake wraps up $616 million tender offer

    Chesapeake Energy Corporation announced it has acquired more than $616 million in Senior notes in the Oklahoma City company’s recent tender offer on behalf of its subsidiaries Brazos Valley Longhorn, LLC and Brazos Valley Longhorn Finance Corp. In a Tuesday announcement, the company said the cash offer involved any and all of its …

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Helmerich and Payne leaders in Goldman Sachs Energy conference

Executives of Helmerich and Payne, Inc. in Tulsa are taking part in this week’s Goldman Sachs Global Energy Conference 2020 in Miami, Florida. John Lindsay, President and CEO and Mark Smith, Vice President and CFO and Dave Wilson, Director of Investor Relations are taking part in the conference. John Lindsay will participate in a panel …

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Sister SCOOP wells produce 4,100 barrels a day for Marathon Oil

Houston’s Marathon Oil Company reports two sister wells drilled  in the SCOOP brought in more than 4,100 barrels of oil a day when they were completed in October 2019. Completion reports filed this week on the two Bowser 0304 wells drilled at 17 3N 4W in Garvin County or about 6 miles south of Lindsay …

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NGL extends credit borrowing agreement

  Before 2019 came to an end, Tulsa-based NGL Energy Operating, LLC signed an agreement with its credit facility to extend its borrowing agreement by another $125 million. A filing with the U.S. Securities Exchange Commission showed NGL Energy Operating, a wholly-owned subsidiary of NGL Energy Partners LP entered into an agreement with Deutsche Bank …

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Chesapeake board member acquires more shares in company

  A filing with the Securities Exchange Commission shows another member of the board of directors for Chesapeake Energy acquired more shares in the company. Thomas L. Ryan, a director since May 2013, acquired 29,070 shares valued at 86 cents each or $25,000 total. The acquisition was made on January 2, 2020 and leaves him …

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Completion reports for January 6, 2020

Completion reports filed on January 6, 2020. BLAINE COUNTY Continental Resources Inc Mississippian(10750): Oil 547 Gas 6710 Water 3507 Flow 2 16N 13W Knutson 2-2-11xhm, October 24, 2019 HH, OIL, TD: 20900 ft Lat: 35.89802, Long: -98.55338 API: 35011241990000 CADDO COUNTY Citation Oil & Gas Corporation Permian – Hoxbar(1990): Oil 5 Water 198 Pump 35 6N 10W West Cement Unit 5-12, April 27, 2018 null, …

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Permits to drill for January 7, 2020

Permits to drill issued for January 7, 2020. Grady County RON HOWARD 1007 #21-16-1MXH, January 06 2020 21 10N 7W NENESWNE API: 05124746 Lat: 35.32982444305964, Long: -97.94103516810053 CAMINO NATURAL RESOURCES LLC HH, DR, 18295 ft, MISSISSIPPIAN(11344), WOODFORD(11549) Grady County UMBACH #2-21-28-33XHW, July 02 2019 28 6N 5W NWNWNENW API: 05124668 Lat: 34.97065461212952, Long: -97.73609590703454 CONTINENTAL RESOURCES INC …

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New board member named at Gulfport Energy

Oklahoma City’s Gulfport Energy Corporation has appointed Al Bledsoe to the board of directors effective the first of the year. He is a former executive with PricewaterhouseCoopers International Limited which is considered one of the Big Four accounting firms. “We are very pleased to welcome Al to our Board as a new independent director,” commented …

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Coal firm hires executive to manage its oil and gas operations

Tulsa based Alliance Resource Partners, L.P., a major coal-mining operation in the U.S. has reached out to a Houston oil and gas firm to hire an executive to focus on Alliance’s own oil and gas ventures. Alliance announced Kirk Tholen, who once was a consultant for Devon Energy has joined the executive team as Senior …

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