SCOOP/STACK ///

Continental Resources mulls sale of stake in its shale water unit

Continental Resources is exploring a sale of a non-controlling stake in its water-infrastructure business that could value the unit at $1 billion or more, according to people familiar with the matter.

U.S. exported more oil than Saudi Arabia in June

The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

Indianola Energy upstream strategy earns $100 million equity commitment

The company announced a $100 million equity commitment to pursue a new upstream strategy, designed to provide both capital and an execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America.

Lagoon Water Solutions buys recycling facility from Continental Resources

Water midstream provider Lagoon Water Solutions closed on an $85 million purchase of Continental's eastern STACK water recycling facility, gathering system and three related disposal wells in Blaine County, Oklahoma.

Apache completes midcontinent asset sales

The asset sales reflect the company’s exit from the Western Anadarko Basin and the previously announced exit from the SCOOP/STACK play.

Chisholm, Gastar combine to create the leading STACK E&P company

Chisholm Oil and Gas, LLC, of Tulsa, Okla., and Gastar Exploration LLC of Houston, Texas. have announced that they have entered into definitive agreements to effect a merger between the two companies.

Optimizing STACK diversion strategy using pressure-based fracture maps

Jeff Kopp, Charles Kahn, Erica Coenen, Reveal Energy Services; Charles Allen, Jake Hutchton, Clark Robinson, Chaparral Energy

Fracture mapping enables operators to determine the effectiveness of different diversion techniques to control fracture growth and minimize inter-well communications.

Gulfport board faulted, share buybacks sought by investor

One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance.

After success of first Osage formation test well, Jericho continues drilling momentum

Jericho Oil Corporation announces that its Oklahoma STACK Joint Venture (JV) will commence this week with the drilling of its second Osage formation well, the Trebuchet 21-23N-10W #1H, within its northern STACK acreage position further delineating the nearly 16,000 net STACK acres.