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Tulsa-based Helmerich & Payne Inc., the last of the big oilfield drilling contractors to issue quarterly results, continues to see most of its U.S. onshore rigs heading to the Permian Basin, but increasingly, high-spec activity is beginning to increase elsewhere, CEO John Lindsay said Thursday.

A Chesapeake Energy Corp. subsidiary has sold 27 Utica Shale wells and 37,000 net acres in Northeast Ohio and Western Pennsylvania to Geopetro LLC, a Worthington, OH-based legacy producer. Terms of the sale were not disclosed.

The combined value of Ohio's oil and natural gas production last year came in under $3 billion, or about $130 million less than it was in 2014, according to an annual mineral industries report released this week by the Ohio Department of Natural Resources' (ODNR) Division of Geological Survey.

FERC on Thursday granted Magnum Gas Storage LLC amendments to its certificate for natural gas storage facilities being developed in Utah, extending the timeline to complete the project and allowing wheeling service at market-based rates.

Lawmakers in the U.S. Senate convened Thursday to resume consideration of a bill that calls for revenue sharing among states involved in existing, new or future energy production from both onshore and offshore leasing areas.


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