Remora Petroleum retained EnergyNet for the sale of a North Anadarko Basin/Mississippian package of Oklahoma assets through a sealed-bid offering closing Dec. 3.
Charter Oak Production retained the Oil & Gas Asset Clearinghouse for the sale of an Oklahoma package of operated multi-well PDP and leasehold development in Love County.
Chesapeake Energy Corp., once the second-largest U.S. natural gas producer, warned on Nov. 5 about its ability to continue as a going concern as the debt-laden company struggles with falling prices for the commodity.
Grizzly Energy, formerly Vanguard Natural Resources, retained EnergyNet for the sale of a package of Anadarko Northwest Texas assets through a sealed-bid offering closing Nov. 14.
Oklahoma producers are intensifying multisection-lateral and multizone development of their liquids-rich leasehold, bringing production nearer to first spend. They’re also paring costs by millions per well.
Powder River Basin completions by Anschutz Exploration plus U.S. Gulf of Mexico development in Exxon Mobil’s Julia Field top this week’s drilling activity highlights from around the world.
Today’s featured Forty Under 40 honoree is John Argo, Continental Resources’ vice president of business development who has helped the Oklahoma City-based oil producer reduce its debt by more than $1 billion.