For a second week in a row, the number of rigs operating in the U.S. fell to another all-time low, though, according to Enervus, this is the first single-digit decline in the U.S. rig count over the past 12 weeks.
SandRidge Mississippian Trust II retained TenOaks Energy Advisors for the sale of its royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the Trust.
Here’s a quicklist of oil and gas assets on the market including a position of Midland Basin producing minerals in Irion County, Texas, operated by Sequitur Energy Resources.
Reuters reported in March Oklahoma oil and gas producer Chaparral Energy was working with debt restructuring advisers as it looks to shore up its cash position.
Oklahoma last month adopted an emergency order that said some oil production could be considered economic waste.
U.S. drops 20 rigs from last week to current week’s total of 390. Hess, EOG Resources, Oxy USA, Marathon, Devon and Cimarex are among the many that have announced cuts or reductions to their programs.
By the time he retired from Newfield Exploration in 2000, Foster had built the E&P company into a thriving multibillion-dollar business.
A month-long oil price war between Saudi Arabia and Russia and the economic fallout from the COVID-19 pandemic caused a historic drop in oil prices, forcing producers to drastically cut their spending and scale back on activity.
Atchley Resources Inc. retained Oil & Gas Asset Clearinghouse LLC for a private sale of a nonop working interest package with assets throughout Kansas, Louisiana, Oklahoma, Mississippi and Texas.
A coalition of U.S. oil-producing states has asked the Trump administration for stimulus funds to hire laid-off energy workers to plug abandoned oil and gas wells.