Chisholm Oil and Gas and Gastar Exploration to merge

Published by Nicholas Woodroof, Editor
Oilfield Technology, Thursday, 20 June 2019 09:30

Chisholm Oil and Gas, LLC (Chisholm) of Tulsa, Oklahoma, US, and Gastar Exploration LLC (Gastar) of Houston, Texas, US, have entered into definitive agreements to effect a merger between the two companies. The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, will have net production of approximately 20 000 boe/d and a combined acreage position of approximately 165 000 net acres, primarily in Kingfisher County, Oklahoma.

Chisholm is currently running three rigs and has a frac crew. The parties believe that the Gastar assets will be highly synergistic to their upstream operations as well as to Chisholm’s ownership stake in Great Salt Plains Midstream Holdings, LLC and its wholly-owned salt water disposal subsidiary, Cottonmouth SWD, LLC.

The transaction is expected to close in 3Q19, subject to satisfaction of customary closing conditions.

Read the article online at: https://www.oilfieldtechnology.com/exploration/20062019/chisholm-oil-and-gas-and-gastar-exploration-to-merge/

Expro awarded well test contract for UK CCS project

Thursday 19 June 2025 10:00

This award follows soon after the industry’s much anticipated December 2024 award of the first ever carbon storage permit by the UK Regulator, the North Sea Transition Authority (NSTA), to the Northern Endurance Partnership (NEP) for the storage of carbon dioxide in the Endurance reservoir located off the North-East Coast of England.

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