Robert Hefner, President & CEO of Hefner Energy Holdings, challenges long-held assumptions that minerals are uncompetitive and non-scalable as minerals investing emerges after decades in the background.
By Gregory DL Morris
AAPL - In a win for the industry, on April 4, in Sierra Club v. Chesapeake Operating LLC (Case No. 5:16- cv-00134), the U.S. District Court for the Western District of Oklahoma dismissed an environmentalist lawsuit against multiple oil and gas companies blaming hydraulic fracturing for increased earthquake risk.
The lawsuit was premised on the notion that the Oklahoma Corporation Commission (OCC) - which has primacy over the U.S. Environmental Protection Agency's Underground Injection Control program - is doing an inadequate job implementing induced seismicity mitigation measures.
The Court disagreed, noting that "the OCC has been taking the action requested by plaintiff." Further, the Court noted that the OCC "has responded energetically to that challenge" and that the OCC "has brought to bear a level of technical expertise that this court could not hope to match."
Hefner Energy's Founder & CEO, Robert Hefner V, has been named 2016 "Best Member Communication" from the American Association of Professional Landmen (AAPL) for his work and social media interaction surrounding the lightning rod issue of (and titled) Induced Seismicity.
Earlier versions of his work had been published by the Oklahoma Independent Petroleum Association (OIPA) and Oklahoma City Association of Professional Landmen (OCAPL).
Marathon Oil announced they will pay $888MM to acquire Payrock Energy's position in the STACK, covering roughly 61,000 net acres and current net production of 9,000 barrels of oil equivalent per day (Boe/d).
Marathon Oil's Investor Relations Webcast Highlights:
Marathon's shares surged since the announcement was made.
HighMark Energy of Dallas, TX announced June 2, 2016 their acquisition of nearly 4,100 acres from Atalaya Resources in the STACK.
The position covers mostly Blaine and Canadian Counties, Oklahoma.
With the equity backing of Natural Gas Partners, HighMark Energy was formed in the fall of 2013 to acquire, develop and produce upstream oil and natural gas assets.
HighMark's principal strategy is the acquisition of mature, high quality, producing properties. Management has the skill set and experience to undertake a broad range of negotiated and competitive transactions including mergers, direct acquisitions, and equity and debt participations.