Oil and Gas
Oklahoma oil wastewater purges persist despite regulatory efforts
Toxic wastewater from oil fields continues to surface across Oklahoma, known as 'purges,' contaminating land and water sources. State regulators at the Oklahoma Corporation Commission identified high-pressure injection wells and orphan wells as key causes but have struggled to enforce prevention and cleanup. A yearlong investigation by The Frontier and ProPublica highlights over 150 such incidents in the past five years.
Geopark directors reject parex resources offer
GeoPark's board unanimously rejected an unsolicited proposal from Parex Resources to acquire the company for US$9 per share. The offer, received on September 4, 2025, is seen as undervaluing GeoPark and failing to account for its growth potential after the Vaca Muerta acquisition. The company stresses its commitment to a strategic plan boosting production and EBITDA.