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• Bison, Marathon Oil Enter Into 15-Year Water Infrastructure Agreement
  Hart Energy - Bison, Oklahoma's largest water infrastructure, logistics and solutions...
  Hart Energy - Bison, Oklahoma's largest water infrastructure, logistics and solutions provider, on July 12 announced that it has entered into a 15-year water gathering and disposal agreement with a subsidiary of Marathon Oil Corp.
  
  Under the agreement, Bison will exclusively manage all of Marathon's produced water infrastructure within the Sooner State, as well as any future acreage operated by Marathon within a 5.4 million acre dedicated area. The agreement includes activity in the Scoop and Stack shale plays, where Marathon averaged 63,000 net boe/d of production during the first quarter.
  
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• WSJ: Callon Petroleum to Buy Carrizo Oil for $1.2 Billion in Stock
  WSJ - Callon Petroleum Co. has said it would buy Carrizo Oil & Gas Inc. for $1.2 billion...
  WSJ - Callon Petroleum Co. has said it would buy Carrizo Oil & Gas Inc. for $1.2 billion in stock as the oil company seeks to build scale in key production areas in Texas.
  
  Carrizo shareholders will receive 2.05 Callon shares for each share of Carrizo common stock, valuing that stock at $13.12 a share. Carrizo had 92.5 million shares outstanding at the end of the first quarter. Carrizo shares closed at $10.50 on Friday.
  
  Houston-based Callon will also assume the $1.7 billion in long-term debt Carrizo listed on its balance sheet at the end of the first quarter. The company also has $250 million in preferred shares. All in, the companies value the transaction at $3.2 billion.
  
  The deal will give Callon extensive holdings in Texas, including in the Permian Basin and Eagle Ford shale production areas.
  
  By Micah Maidenberg, Wall Street Journal
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• Arkansas O&G Report
  The Arkansas Oil and Gas Commission last week issued one well completion and six well recompletions....
  The Arkansas Oil and Gas Commission last week issued one well completion and six well recompletions. By county, they were:
  
  WELL COMPLETIONS
  
  COLUMBIA -- Albemarle Corporation of Magnolia, Ark. for BSW No. 78, 24-hr. prod. not available in Smackover Lime Form. of Warnock Springs Fld. Drilled to TD: 11,598 ft., perf. 10,370-11,448 OA. ft. LOC. SHL: 1,866 ft. SHL & 1,710 ft. FEL of SEC. 1-17S-20W. Workover done June 27.
  
  WELL RECOMPLETIONS
  
  CLEBURNE -- XTO Energy Inc. of Oklahoma City for Ballew No. 1-22H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 9,988 ft., perf. 5,700-9,892 OA ft. Loc. SHL: 270 ft. FNL & 1,795 ft. FWL and BHL: 27 ft. FSL & 604 ft. FWL of Sec. 22-9N-9W. Workover done June 27.
  
  XTO Energy Inc. for Lonesome Duck Farms No. 4-15H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 8,922 ft., perf. 4,670-8,812 OA ft. Loc. SHL: 243 ft. FSL & 1,135 ft. FEL and BHL: 485 ft. FNL & 2,058 ft. FEL of Sec. 15-9N-9W. Workover done June 26.
  
  JACKSON -- XTO Energy Inc. for Benny No. 1-16H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 5,250 ft., perf. 2,036-5,140 OA ft. Loc. SHL: 300 ft. FSL & 1,200 ft. FWL and BHL: 1,602 ft. FNL & 1,664 ft. FWL of Sec. 16-10N-5W. Workover done June 7.
  
  OUACHITA -- Smith G., Oil LLC of Smackover, Ark. for Brocket No. 4, 24-hr. prod. not available in Graves Form. of Smackover Fld. Drilled to TD: 2,720 ft., perf. 2,457-2,478 ft., 2,480-2,487 ft. SEC. 26-15S-16W. Workover done June 20.
  
  WHITE -- XTO Energy Inc. for Reeves No. 2-24H, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 10,634 ft., perf. 6,410-9,732 OA ft. Loc. SHL: 200 ft. FNL & 1,650 ft. FWL and BHL: 483 ft. FSL & 643 ft. FWL of Sec. 24-8N-10W. Workover done June 25.
  
  XTO Energy Inc. for Thacker No. 7-25H36, 24-hr. prod. not available in Fayetteville Form. of B-43 Fld. Drilled to TD: 10,353 ft., perf. 6,340-10,222 OA ft. Loc. SHL: 100 ft. FSL & 1,377 ft. FWL and BHL: 574 ft. FSL & 1,743 ft. FWL of Sec. 25-8N-10W. Workover done June 21.
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• Chevron spills 800,000 gallons of oil, water in California
  SACRAMENTO, Calif. (AP) — Officials began to clean up a massive oil spill Friday that dumped nearly...
  SACRAMENTO, Calif. (AP) — Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state's last two major oil spills.
  
  The newly revealed spill has been flowing off and on since May and has again stopped, Chevron spokeswoman Veronica Flores-Paniagua said. She and California officials said the spill is not near any waterway and has not significantly affected wildlife. The last flow was Tuesday.
  
  Chevron reported that 794,000 gallons (about 3 million liters) of oil and water have leaked out of the ground where it uses steam injection to extract oil in the large Cymric Oil Field about 35 miles (56 kilometers) west of Bakersfield. The steam softens the thick crude so it can flow more readily and is a different process from fracking, which breaks up underground layers of rock.
  
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• Storm Barry Cuts US Gulf Coast Oil Production In Half
  Reuters - An intensifying tropical storm in the U.S. Gulf of Mexico (GoM) on July 11...
  Reuters - An intensifying tropical storm in the U.S. Gulf of Mexico (GoM) on July 11 cut more than half the region's oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery.
  
  Oil firms shut more than 1 million barrels per day (bbl/d) of oil production, 53% of GoM's output, and 1.2 billion cubic feet per day (Bcf/d) of natural gas production, according to a U.S. regulator.
  
  Dozens of oil and gas producers have removed staff from 191 production platforms, according to offshore drilling regulator U.S. Bureau of Safety and Environmental Enforcement. It said seven rigs and 11 drillships were evacuated or moved out of Barry's path.
  
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