Chesapeake Energy Corp., Oklahoma City, has agreed to acquire WildHorse Resource Development Corp. in a $4-billion deal, including net debt of $930 million. Complimenting Chesapeake’s existing high margin Eagle Ford and Powder River basin positions, the deal adds 420,000 high margin net acres, 80-85% of which are undeveloped, in the Eagle Ford shale and Austin […]

John Applegath has joined Huntley & Huntley Energy Exploration LLC (HHEX), Canonsburg, Pa., as senior vice-president and chief operating officer, responsible for HHEX’s operational and technical activities. Source: News

Proposition 112 on the Colorado state ballot seeks to extend well setbacks from surrounding structures to a distance that would render 85% of the state unusable for oil and gas drilling, S&P Global Ratings said. Prop 112 is a voter initiative that would require most new oil and gas development in Colorado to be at […]

Turkish Petroleum AO (TPAO) is preparing to spud a long-planned well off Turkey’s southern coast, according to press reports. The Daily Sabah newspaper of Turkey said the Fatih drillship will drill the Alanya-1 well in deep water offshore the city of Antalya. Source: News

Crude oil for December delivery fell 55¢ on the New York market Oct. 29 to settle just above $67/bbl while Brent crude oil for December fell 28¢ to hold above $77/bbl in London. Analysts attributed the price drops to a strengthening US dollar and a weekly rig count report that showed US oil drillers added […]

A majority of oil, gas, and chemicals executives are confident in the industry’s continued recovery and expect the price of West Texas Intermediate crude to average $70/bbl or more in 2020, according to a recently released survey conducted by Deloitte. While in the 2018 Oil, Gas & Chemicals Executive survey—released Oct. 30—72% of executives held […]

Petroleum Development Oman is expanding its involvement in solar energy. The state-owned company let a contract to a consortium led by Marubeni Corp. for a 100-Mw independent power producer project that will supply its power needs. Source: News

Zanzibar, a semiautonomous region of Tanzania, will accommodate its first oil and gas exploration under a production sharing agreement with a unit of state-owned RAK Gas LLC, Ras Al Khaimah. Source: News

Virginia’s Department of Environmental Quality (DEQ) approved erosion and sediment control, stormwater management, and karst protection plans for the Atlantic Coast natural gas pipeline (ACP) on Oct. 19. Source: News

The US Environmental Protection Agency proposed changes in regulations it issued in 2016 limiting emissions at oil and gas operations. Source: News