Rimrock expands holdings in SCOOP play

Rimrock Resources Partners LLC, Tulsa, has acquired about 24,500 net leasehold acres held by production and 3,100 net mineral acres in the Golden Trend part of the SCOOP play of Oklahoma for $150 million. It didn’t identify the seller. Source: News


House Republicans prefer pipeline permit reforms to BLM methane rule

Fifty-seven Republican members of the US House of Representatives, including Speaker Kevin McCarthy (Calif.) and Natural Resources Committee Chairman Rob Bishop (Utah), urged US Sec. of the Interior Sally Jewell to have the US Bureau of Land Management withdraw its proposed methane venting and flaring rule, and concentrate on improving permit application reviews for pipelines […]


Whiting signs another Williston basin agreement, boosts budget

Whiting Petroleum Corp. of Denver resumed completion operations in the Williston basin in late June as part of its previously announced 44-well participation agreement. Whiting had announced in February it would suspend completions in North Dakota during the second quarter. Source: News


MARKET WATCH: NYMEX oil price for September drops below $42/bbl

Light, sweet crude oil prices dropped $1/bbl on the New York market July 29 to approach 3-month lows after a weekly government report showed an unexpected gain in US oil inventories last week. Brent crude oil prices dropped more than $1/bbl on the London market. Source: News


IOG hikes Texas, Oklahoma play funding

IOG Capital LP said that since May 1 it has committed to fund more than $260 million in the acquisition and development of oil and gas properties in partnership with operators in the Permian basin, STACK, Austin Chalk, and Eagle Ford plays of Texas and Oklahoma. Source: News


Gazprom Neft lets contract for Omsk refinery

PJSC Gazprom Neft has let a contract to RusTechnip, a joint venture of Technip SA and Rostec State Corp. subsidiary JSC Rustechexport, for a grassroots 8.4 million-tonne/year primary crude and vacuum distillation (CDU-AVT) complex at its existing 21.4 million-tpy Omsk refinery in Western Siberia, Russia. Source: News


USGS assists India in finding large offshore gas hydrates deposit

The US Geologic Survey has assisted India’s government in discovering large, highly concentrated natural gas hydrate deposits in the Bay of Bengal. The discovery, which is the first of its kind in the Indian Ocean, could potentially be produced, the US Department of the Interior agency said. Source: News