#OilmanNEWS 2016 July-August Oklahoma 

Oklahoma’s STACK Play Gaining Attention

Despite continuing low commodity prices, activity in the fairly new STACK play in Oklahoma has become a main focus for operators working in the Sooner state. Just this week, Newfield Exploration bought 42,000 acres from Chesapeake Energy expanding their industry-leading STACK footprint to approximately 265,000 net acres. More than 90% of the acreage to be acquired is held-by-production, requiring only… Read More
#OilmanNEWS 2016 July-August 

Halliburton, Baker Hughes Abandon Merger

In a surprise move, oilfield services giants Halliburton and Baker Hughes on May 1 announced that plans for a merger had been terminated. The announcement follows a regulatory review that had threatened the $35 billion deal and resulted in a lawsuit filed by the Justice Department in April. “While both companies expected the proposed merger to result in compelling benefits… Read More
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