Independent energy producers PetroQuest Energy Inc. and Midstates Petroleum Co. Inc. are working together to develop Midstates’ Fleetwood project.
In deal with Talos Energy Offshore, Stone retains an option for a 50 percent working interest in the deep drilling rights on the properties.
Of the major oil- and gas-producing states, Oklahoma gained eight rigs, Pennsylvania gained two and Alaska, California, Colorado, North Dakota and Ohio each gained one. Kansas lost three rigs while Louisiana lost two.
The local flood protection authority’s lawsuit against 97 oil, gas and pipeline companies lives to die another day. The authority’s board voted 4-4 last week on a motion to withdraw the suit. The motion required a majority to pass.