It’s a normal day here at the HeadStart program in Anadarko a routine that has been repeated everyday over the last 55 years Her name is Princetta Pendarvis and at the Head start program in Anadarko she is the cornerstone director of the Head start program in Anadarko since she has been there for over half a century “I think this is the 55th year,” said Pendarvis her passion for the kids is just as strong as ever I’m going to give them a hug and tell them something sweet.” Her impact is felt throughout the entire community right now I am teaching four generations,” said Pendarvis She is teaching with the same vigor that she started with 55 years ago but they tell me I say that every year,” said Pendarvis But the school and the community isn’t quite ready for the realization of her retirement The school already has a contingency plan for when she does retire “I’m sure if she retires one of these years but that will be the saddest day of my life,” said Pendarvis Mike Glover has 13 years of production experience and is a native Oklahoman who enjoys highlighting the people and organizations that reflect the Oklahoma standard in his daily Something Good segments and general news updates from News 9 delivered right to your inbox A searchable database of oil and gas debt and equity offerings Prices for top E&P stocks and commodities Rextag database of energy infrastructure assets ConocoPhillips is marketing Anadarko Basin assets it picked up through a $22.5 billion acquisition of Marathon Oil last year ConocoPhillips is considering a sale of Midcontinent assets picked up through its Marathon Oil acquisition last year The company retained investment bank Moelis & Co. to market the Anadarko Basin assets a source familiar with the matter told Hart Energy ConocoPhillips assumed approximately 250,000 net acres in the Anadarko Basin through the $22.5 billion Marathon Oil deal giving the E&P a stronger foothold in U.S The $22.5B Deal: How ConocoPhillips Won Marathon Oil in 33 Days Production from Marathon’s Oklahoma assets averaged 40,000 boe/d in the third quarter of 2024 ConocoPhillips' marketing process comes as M&A experts say buyer interest is increasing in the Midcontinent, which has languished in the past decade because of low natural gas prices a lack of investment and exits by major operators As natural gas prices have risen and demand grows to fuel LNG exports, buyers are considering Midcontinent M&A once again This week, TG Natural Resources acquired a 70% stake in Chevron’s East Texas Haynesville assets for $525 million Improving Gas Macro Heightens M&A Interest in Haynesville, Midcon Chris is the Senior Reporter of Shale and A&D at Hart Energy He covers the North American upstream shale energy industry and the acquisition and divestiture deal markets This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team. and exclusive coverage you need to keep your industry edge Subscribe for free to our newsletters for the latest energy news in any form or medium without express written permission is prohibited OKLA (KOKH) — Throughout the last few months the Anadarko Police Department has received complaints related to suspected drug activity near the 400 block of East Georgia the Caddo County Sheriff's Office and the APD collaborated with an investigation regarding these complaints the Caddo County Special Response Team executed a search warrant at the suspected residence was arrested on charges of first-degree robbery For more local news delivered straight to your inbox, sign up for our daily newsletter by clicking here. Alabama-based Diversified Energy announced it has made a $1.2 billion acquisition of Maverick Natural Resources of Houston in a deal involving Diversified’s expansion of operations in Oklahoma’s Anadarko Basin A portion of the $1.275 billion acquisition directly offsets Diversified’s core Western Anadarko position with active development in the Cherokee Play and provides a new Permian asset base with multiple zones in the Northern Delaware Basin The combined company will have an enterprise value of approximately $3.8 billion and operate across five distinct operating regions “The acquired producing assets have demonstrated leading well performance and are a natural fit with our operating advantage and existing acreage,” said Rusty Hutson the combined footprint in Oklahoma and the Western Anadarko Basin creates one of the largest in terms of production and acreage which includes the emerging Cherokee formation.” He said Diversified intends to take advantage of what Maverick developed ” We plan to leverage Maverick’s experienced technical asset development team to unlock undeveloped acreage potential through an even larger combined footprint and I am confident that Diversified’s management team will bring its expertise in efficiently integrating acquisitions to further expand our Smarter Asset Management practices.” Diversified Energy believes the combination will enhance position in core geographies across Appalachia including beneficial exposure to oil markets to create a more resilient market cycle risk profile and more durable revenue Part of the acquisition included Diversified’s assumption of nearly $700 million of Maverick debt outstanding the issuance of nearly 21.2 million new Diversified Ordinary Shares to the unitholders of Maverick vaued at about $345 million and $207 million cash Energy investor EIG helped finance the acquisition and upon completion will own approximately 20% of the outstanding Ordinary Shares the company’s Board will consist of eight directors six of whom are members of the current Diversified Board Diversified Energy’s announcement indicated the firm had received commitments for $900 million on a new upsized $1.5 billion four-year credit faciity which incorporated the existing Diversified lending and the new lending assets from Maverick as collateral which is expected to close during the first half of 2025 has been unanimously approved by the Board mike.henderson@radiooklahoma.net FinanceUS operator snaps up Anadarko and Permian player for $1.28 billionDiversified Energy buying Maverick Natural Resources in deal that should close by midyear Presented in the table below is the Company's updated operational and capital expenditure guidance for 2024(1):   Drilling & Completions ("D&C")   Adjusted General & Administrative ("G&A") Expenses(4)   Severance and Ad Valorem Taxes (% of Revenue) The Company made available an investor presentation regarding the transaction on its website at investors.sandridgeenergy.com Winston & Strawn LLP is serving as SandRidge's legal advisor for the transaction Investor RelationsSandRidge Energy, Inc.1 E. Sheridan Ave. Suite 500Oklahoma City, OK 73104[email protected] No change to 2024E guidance for commodity price differentials versus what was provided on March 6 July and August production and revenue will be reported as a negative adjustment to the gross purchase price as a result of a transaction effective date of July 1 Adjusted G&A excludes stock-based compensation Cautionary Note to Investors - This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 These forward-looking statements are neither historical facts nor assurances of future performance and reflect SandRidge's current beliefs and expectations regarding future events and operating performance The forward-looking statements include projections and estimates of the Company's corporate strategies anticipated financial impacts of the transaction natural gas and natural gas liquids production We have based these forward-looking statements on our current expectations and assumptions and analyses made by us in light of our experience and our perception of historical trends current conditions and expected future developments as well as other factors we believe are appropriate under the circumstances whether actual results and developments will conform with our expectations and predictions is subject to a number of risks and uncertainties including the performance and anticipated benefits of the acquired interests the volatility of oil and natural gas prices developing and replacing oil and natural gas reserves actual decline curves and the actual effect of adding compression to natural gas wells the ability of counterparties to transact with us to meet their obligations our timely execution of hedge transactions credit conditions of global capital markets the amount and timing of future development costs the availability and demand for alternative energy sources including those related to carbon dioxide and greenhouse gas emissions We refer you to the discussion of risk factors in Part I Item 1A - "Risk Factors" of our Annual Report on Form 10-K and in comparable "Risk Factor" sections of our Quarterly Reports on Form 10-Q filed after such form 10-K All of the forward-looking statements made in this press release are qualified by these cautionary statements The actual results or developments anticipated may not be realized or they may not have the expected consequences to or effects on our Company or our business or operations Such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements We undertake no obligation to update or revise any forward-looking statements SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the development, acquisition and production of oil and gas properties. Its primary area of operations is the Mid-Continent and Western Anadarko regions in Oklahoma, Texas, and Kansas. Further information can be found at www.sandridgeenergy.com (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the quarter and fiscal year.. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release fourth quarter and full year 2024 operational and.. Utilities Oil & Energy Gas Earnings Forecasts & Projections Do not sell or share my personal information: OKLAHOMA CITY, July 29, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced the entry into a definitive agreement to acquire certain producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin for cash consideration of $144 million before customary purchase price adjustments The Company also entered into a Joint Development Agreement ("JDA") governing its participation in the future development of certain of the acquired leasehold interests SandRidge's President & Chief Executive Officer "We're excited to expand our footprint in the Mid-Continent by upgrading our inventory through the Cherokee Shale play in the Western Anadarko Basin These assets bolster our base production and cash flow profile by immediately adding higher oil content while providing access to a successful drilling campaign through joint development of the assets We're looking forward to participating in new high-return drilling and completion projects and taking over operatorship of the new wells allowing us to apply SandRidge's low-cost lease operating expertise to the new assets This transaction allows us to boost future production and cash flow levels while preserving our strong balance sheet and planned capital return program The undeveloped assets are focused in a proven and highly productive area in Roger Mills County Oklahoma and are self-funding on a standalone basis the acquired producing assets and DSUs flange up with areas where we've been recently investigating the potential for new SandRidge-operated drilling opportunities As we operate and jointly develop the acquired assets our team will be well positioned to evaluate and execute on future organic growth opportunities." Legal AdvisorWinston & Strawn LLP is serving as SandRidge's legal advisor for the transaction Contact InformationInvestor RelationsSandRidge Energy, Inc.1 E. Sheridan Ave. Suite 500Oklahoma City, OK 73104[email protected]  (1) EBITDA and free cash flow are non-GAAP financial measures For reconciliations of non-GAAP measures to the most relevant GAAP measure please see the Company's website (sandridgeenergy.com) These forward-looking statements are neither historical facts nor assurances of future performance and reflect SandRidge's current beliefs and expectations regarding future events and operating performance anticipated financial impacts of the proposed transaction including the possibility that the transaction does not close or that the closing may be delayed because conditions to the closing may not be satisfied the ability of counterparties to transactions with us to meet their obligations Acquisitions, Mergers and Takeovers 43,000+ global companies doing business in the region 102,000+ key contacts related to companies and projects news and interviews about your industry in English Mach Natural Resources divested Western Anadarko acreage after making an $815 million acquisition from Paloma Partners IV last year Mach Natural Resources sold Western Anadarko acreage for $38 million the company said in second-quarter earnings (Source: Shutterstock.com/ Mach Natural Resources) Midcontinent MLP Mach Natural Resources divested interests in the Western Anadarko for $38 million in proceeds the company reported in second-quarter earnings Aug Oklahoma City-based Mach sold certain acreage not attributable to the company’s proved developed reserves on June 26 Mach was launched in 2018 by Tom Ward, who previously formed Chesapeake Energy, SandRidge Energy and Tapstone Energy. Mach is backed by capital partner Bayou City Energy The MLP listed its shares on the New York Stock Exchange in October 2023 Mach inked an $815 cash acquisition of Midcontinent assets from Paloma Partners IV LLC The Paloma acquisition added approximately 62,000 net acres spanning across Canadian Mach’s net production averaged 89,300 boe/d in the second quarter In late July, SandRidge Energy announced a $144 million cash acquisition of Cherokee assets in the Western Anadarko Tom Ward: Mach Looks to Other Basins as Midcon Competition Heats Up Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information Anadarko Petroleum Corp.‘s severance committee validly denied benefits to a former employee who didn’t experience a significant or permanent reduction in job responsibilities after the company’s acquisition by Occidental Petroleum Corp. The committee thoroughly considered the worker’s claim for benefits and validly determined that he wasn’t eligible because his job changes were either temporary, insubstantial, or driven by outside factors like declining oil prices and the Covid-19 pandemic, Judge Lee H. Rosenthal said in a March 7 order granting the committee’s motion for summary judgment who resigned from Anadarko in 2020 after a .. workflow tools and premium legal & business news Log in to keep reading or access research tools This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Your access to this service has been limited If you think you have been blocked in error contact the owner of this site for assistance If you are a WordPress user with administrative privileges on this site please enter your email address in the box below and click "Send" You will then receive an email that helps you regain access Wordfence is a security plugin installed on over 5 million WordPress sites The owner of this site is using Wordfence to manage access to their site You can also read the documentation to learn about Wordfence's blocking tools or visit wordfence.com to learn more about Wordfence Click here to learn more: Documentation 6 May 2025 4:09:17 GMT.Your computer's time: document.write(new Date().toUTCString()); Two former staff members with Anadarko Public Schools have been charged with sexual battery Superintendent Jerry McCormick said the district takes the matter seriously and is committed to student safety one of the accused is former teacher Jim Pahcoddy who is charged with eight counts of sexual battery and left the district in 2016 he worked for Boone Apache Public Schools but the district has not yet confirmed if he is still employed by the district Keith Knight is charged with one count of sexual battery and was the transportation director for Anadarko Public Schools until May 4 of this year He had worked for the district since 2006 and began as a janitor except for a nearly four-month stretch between 2018 and 2019 Court documents say the alleged incidents happened in 2013 a former teacher at Boone Apache Public Schools was arrested in April and charged with lewd acts who prefers to be anonymous for her safety said she filed a report against Pahcoddy after Stephenson was arrested and saw more women coming forward with similar experiences in Caddo County Pahcoddy's attorney denies all of the allegations Matt McCabe is an award-winning journalist who has worked in Rockford Matt joined the News 9 team in May of 2023 as a multimedia journalist The Anadarko Basin's complexities are not stopping Continental Resources from capitalizing on its resources and eyeing acreage that may possibly be on the market soon following the closing of some big deals the company's Vice President of the Anadarko Basin Aaron Chang told Hart Energy's Nissa Darbonne at SUPER DUG the 19th annual SUPER DUG here in Fort Worth Aaron is vice president of the Anadarko Basin for Continental Resources Aaron just spoke here at SUPER DUG and the intel that he shared with everyone was quite fascinating to go over Continental Resources: Thank you for having me ND: To go over some of the things that we learned you depicted the variability of ranging from the Bakken all of the areas Continental operates in currently You depicted the Bakken as being the most reliable whereas the Anadarko is the absolute least amongst those four Tell everyone what maybe contributes to this So the chart that Nissa is referring to is a chart of a distribution of initial shut-in pressures versus TVD [true vertical depth] we deal with depth changes across multiple sub plays that range in from 8,000 ft-TVD below subsurface to as deep as [18,000 ft] or 19,000 feet deep And the depositional history of the Bakken is such that most of that history is deposited in [8,000-ft] and 10,000-foot TVD And so a big portion of the GOR [gas/oil ratio] changes the differences in thermal maturity happen because of the depositional history of the Anadarko Basin which leads to the major variability in the ISIPs [instantaneous shut-in pressure] that we deal with and the complexities on the stimulation side we talked about the Marietta Basin a little bit lesser known basin maybe equidistant with Denton County where we are Exxon Mobil for the most part kind of owns that basin They've been making some really sweet wells there for a while There are folks wondering if they're going to cut it when they're rationalizing their portfolio for having brought in Pioneer It's the only place I know of in the Lower 48 where you have black oil deposited at [15,000-ft TVD to 15,500-ft TVD] to [16,000-ft TVD  to 16,500-ft TVD] TVD And with those depths come just a lot of challenges from wellbore integrity to temperature issues And Exxon has done some really neat things in that basin over the last couple of years I think they've come a really long way when you look at some of the recent well performance from that area And I think the question was whether or not Exxon may be willing to part ways with that asset post the closing or presumed closing of the Pioneer transaction And I think it's one of those things that we have our eye on a lot of others on the tail end of these major transactions to better understand what maybe doesn't fit within their portfolio anymore the Marietta is something that's always intrigued us We have played around what I would call the fringes of it but have never really got into the heart or the core of where Exxon operates you have eight rigs drilling and two frac spreads out there at work ND: Is that primarily concentrated in your SCOOP We do have a rig that bounces back and forth maybe gets into the southern and eastern extensions of our stack asset we're predominantly focused on oil projects And so the majority of our net rigs spend their time in the SCOOP asset Anadarko Basin's rig count overall has fallen in the past year from about 70 to about 55 now I imagine that the frac spreads have kind of similarly fallen maybe in proportion to that as well Would you say that most of the activity in the Anadarko has come to become concentrated where you are in the SCOOP what I consider to be maybe larger operators that predominantly focus their resources in the Anadarko across the SCOOP and STACK extensions But you look at the rich history of the Anadarko Basin and the amount of resource across the strat [stratigraphic] column there's always extensions of the basin further west and south and into the north into Major County as well whereby you have operators focused on other benches beyond just the Woodford is something that's become really topical and interesting to a few operators as of late When you talk about the rig count and the stim [stimulation it's amazing to me what we're doing today from an efficiency standpoint as an industry But what used to take us four times the amount of rigs to drill the same lateral footage we're doing with a quarter of that You look at that ratio of stim crew to drilling rig kind of historically being in that two to one ish ratio and now we're creeping into the three to one and four to one ranges And it's just incredible to me to see those efficiency gains across all of the industry and the resources required to develop the same amount of lateral footage that we were 15 years ago with much less equipment and much less people I'll ask this one—this was the question that was brought up during the conference during Q&A after Aaron presented so you obviously operate in the Permian Basin as well your interest in the Barnett and the Woodford there AC: So one of the things I love about Continental Resources is our exploration nature or even in the basins we've operated in for 57 years we have teams focused up and down the strat column on new and next generation opportunities And I would say that was largely the intrigue of the Permian to Continental the Wolfcamp was largely and is largely today a known commodity I think there's still some optimization efforts taking place but what really intrigued us about whether it's the Permian is how much resource is really yet to be exploited and discovered And everyone I think knows about those resources but whether or not they've been commercialized is to be determined And so whether it's Barnett and Woodford in the Permian or some of the things we're doing in the Powder River in Oklahoma it's just a really exciting time to be at Continental to continue to explore up and down the strat column ND: And thank you for joining us. Find more on this and other actionable intelligence here at hartenergy.com Nissa Darbonne is author of The American Shales and has been a journalist since 1984 beginning in the oil and gas fields of South Louisiana She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas Berlin Resources has retained EnergyNet for the sale of an Anadarko Basin opportunity in the Montgomery 18/19 BO #1H The following information is provided by EnergyNet All inquiries on the following listings should be directed to EnergyNet Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions Berlin Resources has retained EnergyNet for the sale of an Anadarko Basin opportunity in the Montgomery 18/19 BO #1H The Lot # 119245 package includes 0.12% working interest Bids are due June 25 at 4 p.m. CDT. 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to the fullest extent permitted by law as well as any and all tort claims arising from the Standard Terms and Conditions or arising from any of the proposals communications or understandings regarding the Standard Terms and Conditions will be governed by and construed in accordance with the laws the United States of America Jurisdiction and venue for any litigation arising herefrom will be appropriate in any federal or state court located in New York or other proper jurisdiction as determined under the Federal Rules of Civil Procedure or other applicable state laws or regulations Subscriber hereby agrees and consents to personal jurisdiction in any court located within the State of New York you indicate that you agree to and accept these Standard Terms and Conditions Printable Version US independent E&P ConocoPhillips is reportedly looking to sell gassy assets in Oklahoma's Anadarko Basin to strengthen its balance sheet following the close of its acquisition of Marathon Oil South Korea Liquefied Natural Gas (LNG) Market Analysis Capacity by company Copyright © ChemAnalyst - 2020 | Terms & Conditions | Privacy Policy adds net production of 6,000 boe/d (40% oil) in Ellis and Roger Mills counties The company projects annualized EBITDA of about $50 million from the assets— a multiple between 2.5x and 3x Midcontinent E&P SandRidge Energy has closed a $144 million cash deal for producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin The acquisition cost is before customary purchase price adjustments The deal, announced in July adds net production of 6,000 boe/d (40% oil) in Ellis and Roger Mills counties SandRidge also acquired two newly completed wells scheduled to be turned to production in 2024 the company also entered into a joint development agreement regarding future development of certain acquired assets SandRidge did not name the company it is partnering with SandRidge’s daily production averaged 16,900 boe/d (55% gas; 45% liquids) during 2023 it will produce 5.9 MMboe in 2024 at the midpoint of its guidance That’s 11% higher than its previous 2024 guidance of 5.3 MMboe for the year Winston & Strawn LLP is serving as SandRidge's legal adviser on the transaction Midcon Momentum: SCOOP/STACK Plays, New Zones Draw Interest Partly cloudy skies early then becoming cloudy with periods of rain late OK — A Caddo County man is free on bond but is facing revocation of a 2015 conviction after he was jailed for allegations he assaulted his wife and 14-year-old son ANADARKO — A Caddo County man is free on bond but is facing revocation of a 2015 conviction after he was jailed for allegations he assaulted his wife and 14-year-old son 26 in Caddo County District Court where he was charged with a felony count of child abuse and misdemeanor charges of domestic abuse — assault and battery and malicious injury to property under $1,000 he faces between 20 years to life in prison if convicted of the child abuse charge 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