Small Change in OCC – Big Impact on Aggressive Smaller Companies’ MO
Oklahoma SCOOP is one of the hottest drilling fairways in the U.S. On Aug. 1, an Oklahoma Corporation Commission (OCC) regulation that will change the way aggressive—usually smaller—companies often leverage their way into larger companies’ drilling units went into effect. This new change is found in Title 165 (Oklahoma Statutes), Chapter 5-13-3 (d) and provides […]
Gulf of Mexico Lease Sale 251 Attracts More Than $178 Million in High Bids
On 15 August 2018, the BOEM’s Lease Sale 251 garnered 171 bids for 144 tracts in both shallow and deepwater from a total of 29 companies. According to officials, a total of US$ 178,069,406 was received in high bids. That was an improvement over March 2018’s Lease Sale 250 when a total of US$ 124.7 […]