Call it a rebound or resurgence in the Midcontinent, higher gas prices have proved a siren’s song for operators. Add to that the growing demand for more gas supplies to feed LNG terminals and power data centers, and that’s seductive music for producers. ...
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In what was described as a “surprise move” by Okla. City-based Devon Energy back in 2022, the company made a bolt-on acquisition that further expanded its Eagle Ford position with the purchase of Denver-based Validus Energy. The $1.8 billion deal included 42,000 net acres, 35 MBOED (70% oil), 350 repeatable drilling locations, and 150 refrac candidates. In an epic score, Validus pocketed double the price it paid for those assets just a year before. While it might’ve been a see-you-later-bye to South Texas, the company’s exit there hardly marked the end of Validus....
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While not exactly your grand-pappy’s farm pond, the fishing hole stocked with oil and gas assets for catch has been jumping with activity over the last 10 days....
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Okla-City-based Chesapeake Energy has announced a company name change following this year’s $7.4 billion merger with Southwestern Energy that’s expected to close next week. The combo creates the nation’s largest natural gas producer upsetting EQT’s number one position it’s held since 2017....
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Reese Energy Consulting today pays homage to a world-recognized icon of Okla’s oil and gas heritage. For the uninitiated or unvisited to Tulsa—once tapped the Oil Capital of the World—the Golden Driller stands as a proud symbol of the state’s abundant fossil fuels resources, and a testament to the oilfield workers from a bygone era as well as those who work them now. ...
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About 10 miles south of Tulsa, the city of Glenpool holds a most unique oil and gas legacy. If you were around in 1905 (and if you were, we want to hear from you), you might remember the Glen Pool discovery, which started on a rural farm with a single well drilled 1,400’ deep and gushing an initial 75 BPD. Within a few months, the Glen Pool was declared the world’s largest oilfield, and practically overnight Tulsa, Okla., would be declared the Oil Capital of the World. ...
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