News, editorial, trends and marketing for companies working in Oklahoma oil and gas industry, especially in the SCOOP/STACK.
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“Supply Side” Economics: How Supply Houses See This Marketplace
Justin Lowe sits at his desk in his office just past the merchandise floorspace of WB Supply, an oilfield supply house in busy Chickasha, Okla., and smiles as he relates the best things about being a supplier to the oilfield, even in these changeable and not-exactly-booming times.
SCOOP, STACK Plays Flourish, Per Continental’s Report
Citing good 1st quarter results in both the SCOOP and STACK resource plays, as well as in other plays where they are active, Continental Resources released its quarterly financial figures April 29 with the announcement that its performance has “underscored the company’s formula for success.”
Oklahoma Rig Count Down 11 for Month, 33 for Year
The Baker-Hughes Active Rig Count for the state of Oklahoma stood at 105 on Friday, May 10, marking a decline of 11 from the March 8 figure of 116 rigs.
SCOOP STACK Wins More Converts, Investments
Ventana Exploration and Production II (VEP II) recently received a new round of equity capital from an affiliate of Starwood Capital Group (Starwood), Equity Group Investments (EGI), and the Virginia Tech Foundation. Ventana (VEP II together with its predecessor VEP I), which acquires non-operated oil and gas interests in Oklahoma, has participated in more than 500 wells in the STACK/SCOOP/MERGE to date. Since inception, Ventana has raised more than $150 million of equity capital and currently has over $100 million of “dry powder” to pursue acquisitions of non-operated working interests and minerals in Oklahoma.
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